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In-PersonVirtual Tour
$ 6,200,000
Est. payment | /mo
12,610 SqFt
$ 6,200,000
Est. payment | /mo
12,610 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 12,610 sqft
Price per Sqft $491
MLS Listing ID 11629342
Year Built 1900
Annual Tax Amount $46,129
Tax Year 2025
Lot Size 10,000 Sqft
Property Description
This property is being sold by a bankruptcy trustee via auction pursuant to a Court Order. Zoned R6A, this property presents a redevelopment opportunity of +/-30,000 square feet. The rectangular 10,000 square foot lot is located in the Bedford Stuyvesant neighborhood on the Corner of Van Buren Street and Marcus Garvey Boulevard. 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. 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. This property sells on January 29, 2026 @ 11:00 a.m. (EST) via Zoom with an opening bid of no less than $6,200,000. Only those who qualify to bid in accordance with the Bid Procedures Order will receive a link to the Auction Sale. To be permitted to bid on the real property, by January 27, 2026 @ 5:00 p.m. (EST), 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. A buyer's premium of five percent (5%) calculated from the purchase price (as defined in the Bidding Procedures) must be paid by the successful bidder as a condition of closing. 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 The subject property may be sold or withdrawn from the market without notice.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.
Location
State NY
County 36047
Rooms
Dining Room 0
Kitchen 0
NEARBY SCHOOL & BUSINESS