NYC SFR Portfolio LLC, the successor-in-interest to Axos Bank, is set to auction off full membership interests in 12E72nd LLC, the entity that owns the property at 12-14 East 72nd Street in Manhattan. The public auction is scheduled for October 8, 2026, and will be conducted both in person and virtually.

This sale arises from foreclosure proceedings triggered by a loan default on a $31 million mortgage secured by the property. The auction will involve the transfer of 100% of the limited liability membership interests of 12E72nd LLC, effectively transferring ownership of the property.

Interested bidders are required to adhere to strict conditions, including signing confidentiality agreements and demonstrating sufficient financial capability. The sale will be conducted on an “as is, where is” basis, with no representations or warranties made by the seller.

Comprehensive information, including auction terms and procedures, is available on a dedicated datasite. Potential participants are advised that the membership interests constitute unregistered securities and are subject to transfer restrictions.

For further inquiries, contact information has been provided alongside the auction materials. The auction represents an opportunity for investors to acquire ownership of a high-value Manhattan property through foreclosure sale mechanisms.