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Invest in this Ditmas Park portfolio of four (4) contiguous buildings ideally located just feet from the 15th Street & Avenue H Station of the B and Q subway lines. 808 - 814 E. 16th Street will be sold as a package to the highest and best bidder. 812 E. 16th Street is improved by a mixed-use building that is currently composed of four (4) residential units; one (1) of which are vacant. All the tenants are all considered month-to-month as they are all without a lease. AUCTION SALE DETAILS: **THIS PROPERTY IS BEING SOLD AS A PACKAGE WITH 808, 810 and 814 East 16th Street**. Sells: Thursday, April 3, 2025 at 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: Tuesday, April 1, 2025 @ 5:00 p.m. (EST) Opening Bid: $2,850,000 / Required Deposit: Bank/Cashier's Check in the amount of $285,000 made payable to "Richard J. McCord, as Chapter 7 Trustee". / 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 Auction Sale Procedures; and (iii) tender the Required Deposit. PROPERTY DETAILS: Block 06699, Lot 0012 Neighborhood: Ditmas Park Lot Size: 1,123 Sq. Ft. Lot Dimensions: 20' X 56.17' Composition: Four (4) Residential Units Total Building Size: ±2,000 Sq. Ft. Zoning: R5B Year Built: 1930 Property Taxes: $9,969 Vacancy: Twenty-Five Percent (25%). DISCLAIMER: 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 The subject property may be sold or withdrawn from the market without notice.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 and is not liable for any reliance thereon.
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MLS number: 11457976
Listing agent: Marc Yaverbaum
Listing broker: Myc &Amp; Associates Inc
Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Wednesday, March 26 2025 at 8:56 p.m. EDT
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