460 West 20th Street,
New York, NY 10011

100% membership interests in LLC owning the ground leased fee interest. The sale is of the membership interests only, not of any real property.

• 10,750 SF lot, subject to a ground lease

• Improved by a 9-story, corner, elevator, mixed use building in the Chelsea neighborhood of Manhattan

• 68,260 SF with 73 residential units and 2 retail spaces on the ground floor

• Amenities include a common roof deck, gym, bike room, billiards room, and laundry room.

• 200 feet from the High Line entrance on the 20th Street.

• Short walk to the 23rd Street subway station with service for the A, C, and E trains

• This prime location is minutes away from the Chelsea Market, Tao, Soho House, the Meatpacking District, and New York’s top art galleries

* For the avoidance of doubt, the sale is of the membership interests only, not of any real property. The details above are provided solely to help evaluate the collateral.

PLEASE TAKE NOTICE THAT Northgate Real Estate Group (“NREG”) on behalf of 460 WEST 20 LENDERS LLC, a New York limited liability company (“Secured Party”) will offer for sale at public auction 100% of the limited liability company interests (the “Interests”) held by GMTFH, LLC, a Delaware limited liability company (“Pledgor”) in 10TH AVENUE ASSOCIATES, LLC, a New York limited liability company (the “Pledged Entity”), as set forth in that certain Pledge and Security Agreement made as of July 31, 2024 (the “Pledge

Agreement”), together with certain rights and property representing, relating to, or arising from the Interests (collectively, the “Collateral”).

Based upon information provided by Pledgor, it is the understanding of Secured Party (but without any recourse to, or representation or warranty of any kind by, Secured Party as to accuracy or completeness) that (i) the Interests constitute the principal asset of Pledgor, (ii) Pledged Entity owns the property located at 460 West 20th Street, New York, New York (the “Property”), (iii) the Property is subject to a ground lease, and (iv) Borrower is debtor under a mortgage loan in the original principal amount of $4,500,000.00 (the “Loan”), which Loan is in default. The Sale will take place on October 24, 2025 at 10:00 a.m. Eastern Time by Matthew D. Mannion, Licensed Auctioneer, and/or William Mannion, Licensed Auctioneer, of Mannion Auctions, LLC in compliance with New York Uniform Commercial Code Section 9-610. The sale will be conducted in person on the courthouse steps of the New York County Supreme Court, 60 Centre Street, New York, New York 10007 and virtually via online video conference. The URL address and password for the “Datasite” referred to below will be provided to all registered participants.