Note Sale | 2.59± AC Parking Lot

Investment Overview

Hilco Global is accepting offers for this non-performing 1st mortgage note with an original balance of $4,000,000, and a current unpaid principal balance of over $6,000,000, secured by a vacant oceanfront lot at 1815 Ocean Boulevard in Atlantic Beach, New York. The lot has been associated with the New York Beach Club and provides overflow parking. The loan is in late stage foreclosure with a sale expected in early Fall 2026. The loan status allows for multiple pathways for the investor to either monetize the 1st mortgage position or acquire the asset for redevelopment of a rarely available oceanfront lot on the south shore of Long Island.