Another Foreclosure Auction Set for 525 Clinton Avenue

The saga of 525 Clinton Avenue, the troubled Clinton Hill high-rise, continues, with a foreclosure auction once again scheduled for the property. Another auction was scheduled back in October, but it was evidently postponed to December 29th, according to PropertyShark records. The development carries a $25 million lien. The building, which is mostly complete, has sat empty for years. Its claims to fame, aside from financial insolvency, include a construction worker death in 2008 and being the focus of Assemblyman Hakeem Jeffries’ campaign to turn failed luxury developments into affordable housing.
525 Clinton Avenue [PropertyShark]
Foreclosure Auction Scheduled for 525 Clinton Avenue [Brownstoner]
Stop Work Order at 525 Clinton Avenue [Brownstoner]
525 Clinton Avenue: Something Happening Here? [Brownstoner]
Will 525 Clinton Avenue Really Go Affordable? [Brownstoner]
The Ghosts of 525 Clinton [Brownstoner] GMAP