232 Seigel Street, Brooklyn, NY 11206
Hotel Development & Redevelopment Site

Hotel Development & Redevelopment Site

232 Seigel Street, Brooklyn, NY

$8,000,000

HIGHLIGHTS
  • 18,492 Sq.Ft. Lot
  • Auction Status

Bankruptcy Auction Sale

Bid Deadline:  Tuesday, February 1, 2022 @ 5:00 p.m.

Sells:  Thursday, February 3, 2022 @ 11:00 a.m.  Only those who qualify to bid in accordance with the annexed Bidding Procedures will be permitted to participate in the Auction Sale. 

Hotel Development / Redevelopment Site

Block: 3100
Lot: 34
Kings County

The former development site of The Bushwick Hotel, a 10-story, 144-key hotel located in East Williamsburg, Brooklyn, NY will sell via auction in early February 2022.  Plans were approved for a 97,345-square-foot building that was to have a restaurant and lobby on the ground floor followed by 18 rooms each on floors 2-9.  Below ground, the cellar floors will hold bike storage, 14 parking spots, a gym and the hotel’s kitchen and laundry.  There was to be another nine parking spaces on the ground floor, bringing the project’s total to 23.

This property also presents a redevelopment opportunity for multi-level industrial warehousing which is currently at a premium in Brooklyn, NY. 

BASIC TERMS

This is an offering of real property for sale in "as-is, where-is" condition free and clear of any and all liens, claims and encumbrances.  All-cash deals, non-contingent buyers only.  Any sale will be subject to Bankruptcy Court approval.

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 is subject to errors and omissions. The subject real property herein may be sold or withdrawn from the market without notice.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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