A portfolio of three multifamily buildings in Brooklyn, New York, totaling 158,094 square feet and comprising 145 residential units, is being offered for sale through a Chapter 11 bankruptcy auction. The properties, managed by Northgate Real Estate Group, are available for purchase either individually or as a combined package.
The portfolio includes 320 Ocean Parkway, a six-story elevator building with 48 units spanning 52,524 square feet and offering 100 feet of frontage along Ocean Parkway. Also part of the sale is 420 Avenue F, a six-story corner elevator building featuring 55 units across 62,370 square feet, with 224 feet of combined frontage on Avenue F and East 5th Street. The third property, 2302 85th Street, is another six-story corner elevator building that includes 42 units within 43,200 square feet, with 200 feet of frontage on 85th Street and 23rd Avenue.
The auction is scheduled for Thursday, August 27, 2026, at 2:30 p.m., with a bid deadline set for Tuesday, August 25, 2026, by 5:00 p.m. Prospective bidders are required to contact Greg Corbin of Northgate Real Estate Group via email at Gcorbin@northgatereg.com to obtain further details on how to participate.
Located within one of Brooklyn’s established residential corridors, these multifamily buildings present a significant acquisition opportunity for investors seeking substantial scale in the area.