NOTICE IS HEREBY GIVEN that 14 53rd Street LLC, a Delaware limited liability company, which is both the
Agent (as defined in the Loan Agreement) and the Lender (as defined in the Loan Agreement)
(collectively, “Secured Party”) under the Loan Agreement (as defined on Exhibit A), will sell to the
highest qualified bidder at a public sale (the “Sale”) all of its right, title, and interest in and to (a) 100% of
the limited liability company interests in ONH 14 53rd ST LLC, a Delaware limited liability company
(“Borrower”), that have been pledged to Secured Party by ONH 14 53rd ST Mezz LLC, a Delaware limited
liability company (“Pledgor”), and (b) all related rights and property owned by Pledgor and Borrower
(collectively, “Debtor”) relating to such limited liability company interests (all of the foregoing,
collectively, the “Collateral”). The Sale shall be held as follows:
Bid Deadline: Monday, August 7th, 2023, at 3:00 p.m.
Auction Date: Wednesday, August 9th, 2023 at 11:00 A.M. (New York Time)
Meeting Link (To Join by Video): https://bit.ly/WhaleUCC (case sensitive)
Dial-In (To Join by Phone): +1 646 931 3860 (US)
Meeting ID (Access Code): 851 1081 6598
Meeting Password: 611787
The Sale shall (a) not be conducted in person and shall be conducted exclusively by the electronic
methods listed above, and (b) shall be conducted in accordance with the other terms and conditions of
sale that shall be sent to you in a separate notice within the next 30 days (the “Terms of Public Sale”).
Secured Party reserves the right to amend, modify or supplement the Terms of Public Sale at any time
prior to the Sale or to cancel or adjourn the Sale, in each case, with or without notice to Debtor or any
other party to this Notification of Disposition of Collateral.
THE WHALE - 14 53RD STREET, BROOKLYN, NY
The Whale, located at 14 53rd Street in Sunset Park, Brooklyn, is a seven story 419,186 SF building
recently renovated and repositioned to modern office / flex and warehouse use. The Property is situated
on a 112,666 SF lot with 621 feet of frontage on the south side of 53rd Street.
The Property consists of three combined structures which range in height from one to seven stories. In
addition to the seven primary floors, there is a large mezzanine level overlooking the first-floor
warehouse / flex space and a below grade parking garage. The property offers 170 parking spaces.
The Whale features stunning panoramic views of the Lower Manhattan skyline, Statue of Liberty and
New York Harbor, in addition to large floor plates, high ceilings, exclusive loading docks, on-site parking,
fitness and conference centers.
The building sits just four blocks from the 53rd Street N, R, W Station and five blocks from the Sunset
Park/Brooklyn Army Ferry Terminal.