97 Grand Avenue and 96 Steuben Street: Bankruptcy Auction

Brooklyn, NY




97 Grand Avenue and 96 Steuben Street, Brooklyn, NY 11249

Neighborhood: Clinton Hill

Asset Type: Multifamily

# of Buildings: 2

Residential Units: 62




Bankruptcy Auction:

97 Grand Ave. & 96 Steuben St. Brooklyn, NY 11205


Two Elevator Buildings | 2012 Construction

60,282 Sq. Ft. | 62 Units | 31 Parking Spaces




Opening Bid: $35,850,000



BID DEADLINE: June 1st, 2017 12:00pm   |   AUCTION DATE: June 6th, 2017 11:00am


AUCTION LOCATION: Tarter Krinsky & Drogin LP, 1350 Broadway 11th Floor, New York, NY 10018


Located in Prime Clinton Hill, just 6.5 miles from midtown Manhattan, 97 Grand Avenue and 96 Steuben Street are in close proximity to the best of Brooklyn’s retail, restaurant, and entertainment offerings. The two elevator buildings include a total of 60,282 square feet, 62 apartments and 31 indoor parking spaces. Constructed in 2012, the subject properties enjoy the benefits of a 421-A tax abatement and are nestled among eight other new-construction buildings. Both buildings have rooftop lounges featuring unobstructed 360 degree views of the Brooklyn and Manhattan skylines. 

Clinton Hill is just south of Williamsburg and east of Downtown Brooklyn. “When it comes to neighborhoods, Clinton Hill plays crowd favorite. Celebrated for its diversity of people, restaurants, and activities, Clinton Hill caters to Pratt Institute students and ambitious professionals alike. Artsy but not over-the-top and cool but not unapproachable, this laid-back neighborhood deserves its amiable reputation. Add accessibility to Clinton Hill’s affability, and it’s easy to understand why this neighborhood has so many fans.” - AirBNB





Nearby Transportation

The property is 30 minutes from JFK, 22 minutes from LaGuardia Airport, and 6.5 miles from Grand Central Station.