The Real Deal New York

Sugar Hill sues over delayed eviction of Park Slope tenants

Investment firm wants to buy assisted-care facility for $76.5M

November 20, 2014 01:50PM

sugar

Sugar Hill’s David Schwartz and 1 Prospect Park West in Park Slope

Real estate investment firm Sugar Hill Capital Partners is suing landlord Haysha Deitsch over his allegedly delayed eviction of tenants at a Park Slope assisted-living facility that it is planning to buy for $76.5 million.

Sugar Hill alleged in court documents that both parties agreed to that price in January on the condition that Deitsch would evict all occupants of the special-needs facility on the fourth floor of the property, Prospect Park Residence, at 1 Prospect Park West. Deitsch acquired the building for $40 million in 2006.

The $76.5 million deal is still pending, Brooklyn Paper reported.

Lawyers and caregivers for elderly tenants have already sued Deitsch, alleging the landlord is in breach of a court order to maintain essential services at the residence, as previously reported. Deitsch is facing contempt of court charges. [Brooklyn Paper]Mark Maurer

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