A $132.7 million foreclosure is now looming over 115 Myrtle Avenue, right in the heart of Downtown Brooklyn. This isn’t just about one building—Brookfield Properties, a major player with a big chunk of its NYC portfolio in office space, is feeling the heat as refinancing options dry up. The move by Rialto Capital Management to push for foreclosure signals growing pressure on landlords outside Manhattan, raising questions about the future of Brooklyn’s commercial real estate. How do you think this will impact the neighborhood and local businesses? #RealEstate #Brooklyn #Foreclosure