Situation Overview
Keen-Summit Capital Partners LLC has been retained by Yann Geron, the Chapter 11 Trustee of Midwood Gardens LLC, as his exclusive real estate advisor for marketing for overbid the existing stalking-horse contract on the partially developed multifamily building at 1535-1543 E 19th Street, Brooklyn, NY 11230. Prospects are being offered the opportunity to submit a higher and better offer using the Trustee’s form contract. Sale of the property is subject to approval by the Bankruptcy Court.
Area Overview
The property is located in the Midwood neighborhood of Brooklyn, approximately halfway between Prospect Park and Coney Island. Midwood is surrounded by: Midwood Manor to the west (Ocean Parkway), Homecrest and Madison to the south (Avenue P / Kings Highway), Brooklyn College campus to the north (Avenue I), Marine Park and Flatlands to the East (Nostrand Avenue).
Midwood’s shopping districts lay along its major avenues Ocean Avenue, Coney Island Avenue, Nostrand Avenue, Avenue P, and Kings Highway. Along with providing a great variety of shops, restaurants, and recreation, the avenues also serve as direct routes to the Belt Parkway and Downtown Brooklyn.
