Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + New York  + Apartments  |  February 21, 2024
Upper Manhattan MXU
Emily Fu
By: Emily Fu

Upper Manhattan MXU’s Set for Bankruptcy Sales 

Hilco Real Estate, LLC, has announced the bid deadlines for the Chapter 11 bankruptcy sales of two mixed-use developments in the greater New York City MSA.  

The property at 4452 Broadway, located at the border of Hudson Heights and Fort George in northern Manhattan, features a partially completed seven-story building with plans for 129 residential rental units, parking spaces, and commercial spaces. The property was recently appraised for $56 million and offers a 35-year tax abatement upon completion.  

The second property, situated at 500 Summit Avenue in Jersey City’s Journal Square, is a 0.8-acre land parcel with plans for a 42-story tower and flexible zoning for residential, retail, office, or hotel uses. The property was appraised for $108 million and offers scenic Manhattan views and excellent access to public transportation.  

Bids for 4452 Broadway are due by March 13, 2024, and bids for 500 Summit Avenue are due by May 2, 2024. 

Connect

Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
Order Reprints
  • ◦Sale/Acquisition
New call-to-action
New call-to-action