Property Description

Bankruptcy Sale:

Property Snapshot

• 104-key hotel opportunity, mostly complete

• 50,914 SF, 22 story building rising 189 feet in height

• Planned amenities include on-site restaurant and bar, meeting event space, patio, fitness center and pool.

• Unencumbered by a flag and without any union requirements

• 25-year ICAP eligibility

• Located less than 0.5 miles from Atlantic Terminal & Barclays Center and within a three minute walk to the Nevins Street, Hoyt-Schermerhorn Street or Dekalb Avenue subway stations

• Prime downtown Brooklyn location in the middle of one of the busiest and vibrant neighborhoods in all of New York

BID DEADLINE: TUESDAY, NOVEMBER 7TH, 2023, AT 4:00 P.M.

AUCTION DATE: THURSDAY, NOVEMBER 9TH, 2023, AT 12:00 P.M.

Subject To Bankruptcy Court Approval