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March 11, 2008
Foreclosure of the Week: 866 DeKalb Avenue
This loft building at 866 DeKalb Avenue in Bed Stuy is scheduled to hit the foreclosure auction block tomorrow at 12:30. Since 2003, the ground floor has been occupied by a non-profit and the upper floors have been used as apartments. We've got no idea whether the 13 apartments are free-market or not. The current owner pulled $2,430,000 out of the 14,295-square-foot building in 2006 but has evidently fallen behind on his monthly payments. There's no information on the lien amount but you gotta figure it's north of $2 million.
866 DeKalb Avenue [PropertyShark] GMAP
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Comments
Here comes The What...
Posted by: Biff Champion at March 11, 2008 11:43 AM
Here comes a Condo conversion.
Posted by: guest at March 11, 2008 11:57 AM
Great building hate the ground floor doors and windows so 1983 and cheap looking. Would make nice apartments...
Posted by: guest at March 11, 2008 12:05 PM
G Train - Blegh.
Posted by: guest at March 11, 2008 12:11 PM
$2mn dollar lien in deep Bed Stuy. top bid should be around $1,000.
Posted by: guest at March 11, 2008 12:20 PM
"top bid should be around $1,000." lol
Posted by: guest at March 11, 2008 1:13 PM
If this was in Park Slope it would be worth $500 million
Posted by: guest at March 11, 2008 2:58 PM
Right you are 2:58. know your role!
Posted by: guest at March 11, 2008 5:19 PM
here comes more gentification
Posted by: guest at March 11, 2008 6:00 PM
It's completely out of scale with the buildings around it and should be demolished!
Posted by: guest at March 12, 2008 12:46 PM
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