Auction Details
Bid Deadline: Tuesday, November 10, 2026 by 5:00 PM
Auction Date: Thursday, November 12, 2026 at 2:30 PM
Sale subject to bankruptcy court approval.
Description
Northgate Real Estate Group presents the bankruptcy sale of 1777 & 1779 Monroe Avenue, two contiguous multifamily buildings under construction in the Mount Hope section of the Bronx. The offering presents a rare opportunity to complete a stalled 36-unit residential development or pursue a teardown and redesign on an assembled lot in one of the Bronx’s most transit-connected neighborhoods.
Building Snapshot
- Two contiguous multifamily buildings under construction, offered together as an assemblage.
- 36 total planned residential units across 15,518 square feet of planned development.
- Each building designed for four stories plus a penthouse. Combined 50′ x 95′ lot with 50′ of frontage along Monroe Avenue.
- Flexibility to complete the existing construction or teardown and redesign.
- R8 zoning in the Mount Hope neighborhood of the Bronx.
- Short walk to the 174th-175th Street subway station (B & D trains), with additional nearby access to the 4 train and the Metro-North Tremont station.
- Surrounded by established retail and dining, including Key Food, Dunkin’, Fine Fare Supermarket, Blink Fitness, and 7-Eleven.
- Located amid significant nearby development activity, including a 213-unit mixed-use building at 521 E Tremont Avenue, the 119-unit Tremont Residences, and a new 40,000-square-foot charter school opening 2026-2027.
- Approximately 40 minutes to Penn Station and Grand Central via public transit.
