Large Bed-Stuy Redevelopment Site

AUCTION SALE DETAILS

Sells:  January 29, 2026 @ 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:  January 27, 2026 @ 5:00 p.m. (EST)
Opening Bid:  $6,200,000
Required Deposit:  Bank/Cashier's Check in the amount of $300,000.
Bid Qualifications:  To participate in the Auction Sale, by the Bid Deadline, each prospective bidder must: (i) mark up, sign and return the purchase and sale agreement under the same or substantially similar terms as the Stalking Horse Agreement and deliver to MYC; and (ii) tender the Required Deposit.
Buyer's Premium:  Five Percent (5%) of the Purchase Price (as defined in the Bidding Procedures)

property overview

✓ Redevelopment Site
✓ Neighborhood: Bedford-Stuyvesant
✓ 10,000 SF Lot (100' X 100')
✓ R6A, C2-4 Zoning
✓ Max Floor Area Ratio: 3.0
✓ Block 06164, Lot 0002 

property description

This redevelopment site is located on the Corner of Van Buren Street and Marcus Garvey Boulevard in the Bedford-Stuyvesant neighborhood of Brooklyn, NY.  The current improvement is a 3-story church building which was constructed in 1900.  The area of the church building is +/-12,610 SF plus a basement which is below grade.  

Proposed Redevelopment

In the past, a proposed redevelopment of this property consisted of a mixed-use building consisting of 3-condominium units; a +/-7,000 SF church on the ground-floor, a standard 3-bedroom residential condo unit for the living quarters for the clergy of the church, and +/-26,320 SF for 20+ residential rental units. 

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 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 The subject property may be sold or withdrawn from the market without notice.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.