Are people ever going to live inside 525 Clinton Avenue? The troubled Clinton Hill high-rise sat empty for years, and then a foreclosure auction was finally scheduled last September. At that point, the lien was $25 million. Then the auction was pushed back to December. Now, according to Property Shark, it’s scheduled again, for February 23rd. The lien has risen slightly, to $25,121,971. Assemblyman Hakeem Jeffries previously focused on 525 Clinton Avenue in an effort to turn the failed luxury developments into affordable housing, but what the future holds for this building is really anybody’s guess. Thoughts on why other developments have been snapped up recently and re-positioned as rentals, while this one sits on the sidelines?
Another Foreclosure Auction Set for 525 Clinton Avenue [Brownstoner]
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