Bankruptcy Sale: 1580 Nostrand Ave

The Property known as “1580 Nostrand”, is comprised of a vacant lot located at 1580 Nostrand Avenue, and an existing building located at 21 East 29th Street.

Auction Date: Wednesday, June 11^th, 2025 at 3:30 PM

Opening Bid: $57,000,000

Property Snapshot

1580 NOSTRAND AVE

• Development site / vacant lot

• 186,784 SF of Total Allowable ZFA

• 145,378 SF of Allowable Residential ZFA

• Remaining ZFA (up to 41,406 SF) available for Community Facility use

• 216 Allowable Units

21 EAST 29TH STREET

• Building featuring 94 residential units

• 73,216 SF of Total ZFA

• 65,872 SF of Residential ZFA

• 7,344 SF of Community Facility ZFA

• Floor through apartments with large terraces in front and back

• Triple paned windows and doors

Total Allowable Zoning Floor Area……………………………………………… 260,000 SF

Total Allowable Residential Units………………………………………………………310 Units