Hilco Real Estate Announces Sale of $14.3M Portfolio Secured by New York Properties
Hilco Real Estate has been retained to sell a portfolio consisting of 12 nonperforming bank notes with an unpaid principal balance exceeding $14.3 million, secured by multifamily and retail properties in Brooklyn, Upper Manhattan, the Bronx, and Yonkers. The collateral is located in established New York neighborhoods known for strong long-term real estate fundamentals, including proximity to major transit lines, employment centers, and attractions like Prospect Park and Yankee Stadium. The notes are at various stages of foreclosure or default, offering investors multiple strategies such as loan workouts, negotiated payoffs, or ownership of the underlying properties. Christian Koulichkov, Senior Vice President at Hilco Real Estate, highlighted that this portfolio provides flexible acquisition options for investors seeking opportunities in New York's active residential and mixed-use markets. Offers are due by August 13, with bidders required to follow procedures outlined on Hilco Global’s website.
