Ditmas Park Mixed-Use

PROPERTY DESCRIPTION

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 0011
✓ Neighborhood:  Ditmas Park
✓ Lot Size: 1,123 Sq. Ft.
✓ Lot Dimensions: 20' X 57.17'
✓ Composition: Four (4) Residential Units
✓ Total Building Size: ±2,000 Sq. Ft.
✓ Zoning:  R5D, R5B, C2-4
✓ Year Built: 1930
✓ Property Taxes: $9,990
✓ 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 The subject property may be sold or withdrawn from the market without notice.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.