UCC Foreclosure Sale

Rosewood Realty Group has been exclusively engaged to offer for sale all of Debtor’s right, title and interest in and to Debtor’s combined 100% limited liability company membership interest in Hello Nostrand LLC, (collectively, the “Collateral”) to the highest qualified bidder at a public (online) auction.

1580 Nostrand Avenue is a 212,583 SF Mixed-Use & mid-construction development in Prospect Lefferts Gardens. The project when completed, will consist of two hundred and four (204) residential units, 93 of which are complete. Located just 30 minutes from NYC and 2 blocks to the 2 & 5 subway stations.

Building 1: Vacant lot development site

-  115,596 gross square feet

-  74,710 net residential square feet

-  14,674 Retail square feet (Community Facility Gross SF)

-  111 additional proposed units

-  2 blocks to 2 & 5 Subway Stations

Building 2: 93 built units

-  96,987 gross square feet

-  65,514 net residential square feet

-  7,500 Retail square feet (Community Facility Gross SF)

-  2, 3, and 4 bedroom units

-  Floor Through Apartments with Large Terraces in Front and Back

-  421-A 15 year abatement

-  Triple Paned Windows and Doors

Bid Deadline: Monday, September 19th, 2022, at 4:00 p.m.

Auction Date: Wednesday, September 21st, 2022, at 2:00 p.m.

All sales subject to change

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