The Real Deal New York

His ban expired, Shiraz Sanjana returns to condo development

Disgraced builder buys South Slope development site for $9.9M

August 14, 2015 09:02AM


Yeshiva Machzikel Hadas at 695-705 Sixth Avenue in South Slope, Brooklyn

Shiraz Sanjana got knocked down, but he’s getting up again.

The developer, banned from condo sales in 2013, picked up a development site in South Slope, Brooklyn, with plans to build a condo on the property, the New York Daily News reported.

Sanjana bought the one-story site at 695-705 Sixth Avenue from Yeshiva Machzikel Hadas for $9.9 million. Plans were filed for the site in April by an LLC for a three-story, 32-unit, 34,623-square foot residential building designed by Karl Fischer, according to New York YIMBY.

Along with his partner Joseph Scarpinito, Sanjana was banned from developing condos and co-ops by the New York Attorney General’s Office, which accused them of making false filings to the office, and of extensive construction problems at their eight-story condo development at 161 East 110th Street.

Sanjana’s 16-month ban expired in April. [NYDN] – Ariel Stulberg