The Real Deal New York

Clinton Hill’s Broken Angel hits the market for $4.5M

February 28, 2013 01:30PM

  • Print

The Broken Angel

One of Brooklyn’s most distinctive structures, known as the Broken Angel, has hit the market with an adjacent lot asking $4.5 million, Brownstoner reported. And CPEX Real Estate is marketing the Clinton Hill building, which had long battled foreclosure, as a conversion opportunity, rather than a development site.

“The property comes with approved plans to convert it into an eight-unit building with ground floor duplexes,” the listing said.

The adjacent lot comes with approved plans to build a four-story, 4,385-square-foot mixed-use building.

The listing goes on to state that the owner would consider selling the  one-time tenement building separately from the lot. The property had formerly been owned by Arthur Wood, who had transformed the building into a towering art project with his late wife Cynthia before losing it to foreclosure. However, Wood appealed and was able to turn the building into a museum through a successful Kickstarter campaign. It remains unclear whether he was ultimately able to stay in the building or whether he was evicted.

Wood told Brownstoner in August of last year that “the fate of this house [and] the foreclosure on Broken Angel is not final.” [Brownstoner] –Christopher Cameron

MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News