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Multi-Unit (5+) - Brooklyn, NY
AUCTION SALE DETAILS Sells: November 13, 2025 @ 11:00 a. m. (EST) Online Auction: via Zoom (only those who qualify to bid will receive a link to the Auction Sale) Bid Deadline: November 11, 2025 @ 5:00 p. m. (EST) Opening Bid: $3,680,000 Required Deposit: Bank/Cashier's Check in the amount of $368,000 made payable to "Allan B. Mendelsohn, as Plan Administrator". Bid Qualifications: To participate in the Auction Sale, by the Bid Deadline, each prospective bidder must: (i) register with MYC; (ii) deliver to MYC the original signed Bidding Procedures; and (iii) tender the Required Deposit. Buyer's Premium: Six Percent (6%) of the Purchase Price (as defined in the Bidding Procedures) property overview Redevelopment Site Neighborhood: Bedford-Stuyvesant 6,000 SF Lot (60' X 100') R6B Max Floor Area Ratio: 2.0 +/-12,000 SF Buildable Block 01760, Lot 0072 Propo...
AUCTION SALE DETAILS Sells: November 13, 2025 @ 11:00 a. m. (EST) Online Auction: via Zoom (only those who qualify to bid will receive a link to the Auction Sale) Bid Deadline: November 11, 2025 @ 5:00 p. m. (EST) Opening Bid: $3,680,000 Required Deposit: Bank/Cashier's Check in the amount of $368,000 made payable to "Allan B. Mendelsohn, as Plan Administrator". Bid Qualifications: To participate in the Auction Sale, by the Bid Deadline, each prospective bidder must: (i) register with MYC; (ii) deliver to MYC the original signed Bidding Procedures; and (iii) tender the Required Deposit. Buyer's Premium: Six Percent (6%) of the Purchase Price (as defined in the Bidding Procedures) property overview Redevelopment Site Neighborhood: Bedford-Stuyvesant 6,000 SF Lot (60' X 100') R6B Max Floor Area Ratio: 2.0 +/-12,000 SF Buildable Block 01760, Lot 0072 Proposed Redevelopment Previous DOB filings proposed a redevelopment of this property expanding on the current footprint to +/-12,000 SF of living space. The redevelopment was to be composed of fourteen (14) residential rental units. property location & history This redevelopment site is located on Willoughby Street between Tompkins and Throop Avenues in the Bedford-Stuyvesant neighborhood of Brooklyn, NY. This site was the former home of Hebron Baptist Church who purchased the property from the Fez Club in 1984. The property was originally built for the family of German immigrant and Civil War veteran Colonel Henry Roehruntil. Sometime around 1914 it was turned into a venue called the Regina Mansion which ran until at least 1973 when the Fez Club took over. Basic Terms of Sale This property will be delivered in "as-is, where-is" condition. Any sale of this property is "all-cash" and will not be contingent upon financing. This property will be sold free and clear of all tenancies, occupancies, leasehold interests, liens, claims, and encumbrances. Disclosure All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information herein is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information; therefore, is not liable for any reliance thereon.
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