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12 Woodin Rd, Kent CT & 7 East 88th St 2 Multifamily Properties in Multiple Locations



EXECUTIVE SUMMARY
Northgate Real Estate Group has been exclusively retained to market the collateral consisting of the cooperative unit shares and leases for Units 1A, 1B, 2A, 3A, 4A, 4B, 5A, 5B and Roof and 100% membership interests in a limited liability company owning 12 Woodin Road, Kent CT.
Reference is made to that certain $12,145,000.00 Amended, Consolidated and Restated Promissory Note, dated as of December 15, 2023 (the “Note”), secured by that certain Loan Agreement, dated as of December 15, 2023 (as may be amended, restated, replaced, supplemented or otherwise modified from time to time, the “Loan Agreement”, together with the Note, the “Loan”), as amended by that First Amendment to Loan Documents, dated as of June 18, 2024 (the “Amendment to Loan Documents”), given by 34715, LLC (the “34715 Borrower” and/or “34715 Pledgor”, and/or the “34715 Pledged Entity”), in favor of 88 STREET SERVICING (the “Original Lender”), which Loan is further secured by that certain Pledge and Security Agreement and Assignment of Leases and Rents, dated as of December 15, 2023 (as may be amended, restated, replaced, supplemented or otherwise modified from time to time, the “Initial Pledge Agreement’’), as amended by that certain Amended and Restated Pledge and Security Agreement and Assignment of Lease and Rents, dated as of June 18, 2024 (the “A&R Pledge Agreement”, together with the Initial Pledge Agreement, the “Co-Op Share Pledge Agreement”), whereby the 34715 Pledgor, pledged to Original Lender, (i) its shares (the “Shares”), in 7 EAST 88TH ST. CORP., a New York corporation (the “7E88ST Guarantor”), allocated to cooperative units IA, lB, 2A, 3A, 4A, 4B, SA, SB and Roof (collectively, the “Units”), at the premises known and located at 7 East 88th Street, New York, NY 10128, and (ii) the proprietary leases appurtenant thereto (the “Leases, together with the Units, the “NY Property”).
(FULL TERMS OF SALE AND OM AVAILABLE UPON REQUEST)
Bid Deadline: Tuesday, February 10, 2026 at 3:30 p.m. EST
Auction Date: Wednesday, February 11th, 2026 at 4:00 p.m. EST
Reference is made to that certain $12,145,000.00 Amended, Consolidated and Restated Promissory Note, dated as of December 15, 2023 (the “Note”), secured by that certain Loan Agreement, dated as of December 15, 2023 (as may be amended, restated, replaced, supplemented or otherwise modified from time to time, the “Loan Agreement”, together with the Note, the “Loan”), as amended by that First Amendment to Loan Documents, dated as of June 18, 2024 (the “Amendment to Loan Documents”), given by 34715, LLC (the “34715 Borrower” and/or “34715 Pledgor”, and/or the “34715 Pledged Entity”), in favor of 88 STREET SERVICING (the “Original Lender”), which Loan is further secured by that certain Pledge and Security Agreement and Assignment of Leases and Rents, dated as of December 15, 2023 (as may be amended, restated, replaced, supplemented or otherwise modified from time to time, the “Initial Pledge Agreement’’), as amended by that certain Amended and Restated Pledge and Security Agreement and Assignment of Lease and Rents, dated as of June 18, 2024 (the “A&R Pledge Agreement”, together with the Initial Pledge Agreement, the “Co-Op Share Pledge Agreement”), whereby the 34715 Pledgor, pledged to Original Lender, (i) its shares (the “Shares”), in 7 EAST 88TH ST. CORP., a New York corporation (the “7E88ST Guarantor”), allocated to cooperative units IA, lB, 2A, 3A, 4A, 4B, SA, SB and Roof (collectively, the “Units”), at the premises known and located at 7 East 88th Street, New York, NY 10128, and (ii) the proprietary leases appurtenant thereto (the “Leases, together with the Units, the “NY Property”).
(FULL TERMS OF SALE AND OM AVAILABLE UPON REQUEST)
Bid Deadline: Tuesday, February 10, 2026 at 3:30 p.m. EST
Auction Date: Wednesday, February 11th, 2026 at 4:00 p.m. EST
PROPERTY FACTS
| Sale Condition | Distress Sale | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 13,153 SF |
| Status | Active | Total Land Area | 7.05 AC |
| Number of Properties | 2 |
| Sale Condition | Distress Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,153 SF |
| Total Land Area | 7.05 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 12 Woodin Rd, Kent, CT 06757 | Multifamily | 3,043 SF | 1988 | - |
|
Coop
7 E 88th St, New York, NY 10128 |
Multifamily | 10,110 SF | 1910 | - |
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12 Woodin Rd, Kent CT & 7 East 88th St
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