Sheldon Good & Co. to auction New York City commercial portfolio

Manhattan, NY Sheldon Good & Company will auction eleven commercial properties located throughout Manhattan, Brooklyn and Queens. Each property will be sold separately during the live auction scheduled for Thursday, October 29th at Le Parker Meridien Hotel in Manhattan. The properties are listed below. Manhattan 156 West 15th St.: Five-story mixed-use building containing 10 apartments and one ground floor retail unit in Chelsea, one of New York’s most desirable neighborhoods. The entire property will be delivered vacant and represents tremendous upside opportunity for an investor. Brooklyn 20 Prospect Place: Four-story townhouse in Park Slope that is currently a four unit 100% occupied residential rental property. It can remain an income producing property or can be converted into a single occupant town home. 2186-2188 Pitkin Ave.: Two-story commercial building; an income-producing property with a tenant in place through 2025. 48 Grant Ave.: Vacant residential lot prime for development. Queens 125-13 Liberty Ave., South Richmond Hill: Vacant two-story commercial unit. 125-15,17 Liberty Ave., South Richmond Hill: Vacant two-story adjoining commercial units. 125-07 Liberty Ave., South Richmond Hill: Two-story building that currently has a medical practice tenant. The property will be delivered vacant. 125-11 Liberty Ave., South Richmond Hill: Two-story building that currently has a medical practice tenant. The property will be delivered vacant. 128-11 Liberty Ave., South Richmond Hill: Fully renovated three-story medical building completely outfitted for a diagnostic center with MRI capable space and elevator. Will be delivered vacant. 104-15 118th St., South Richmond Hill: Three-family home. Income-potential property very close to the A train. 103-41 120th St., South Richmond Hill: Vacant lot prime for residential development “The potential for each of these New York City properties, both residential and commercial, buildings and pieces of land, is quite notable,” said John Cuticelli, chairman of Sheldon Good & Company. “The seller has amassed these properties over the years, a majority of which have not been traditionally marketed, allowing potential buyers a unique opportunity to purchase these assets.” Registration will open at 6:00pm and the auction will begin at 7:00pm. The firm invites broker participation.