The Real Deal New York

Run-down Park Slope property to be spruced up, get luxury condos

Building on Seventh Avenue and Second Street was bought for $4M last year

June 10, 2014 10:17AM

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187 7th Avenue in Park Slope, Brooklyn

187 7th Avenue in Park Slope, Brooklyn

A property that has long been considered an eye sore to the neighborhood by Park Slope residents is about to be cleaned up.

The graffiti-covered building at 187 Seventh Avenue and Second Street in Brooklyn is slated  for a makeover that will feature four full floor units, DNAinfo is reporting.

Sugar Hill Capital Partners bought the five-story building last year for $4 million, when it was facing foreclosure. In April, Sugar Hill filed permits to convert the two units on the four residential floors into full-floor luxury apartments.

The apartments won’t be the only high-priced, luxury condos in the neighborhood. A block away, four-bedroom units were sold recently for $2.395 million. [DNAinfo] – Claire Moses

 

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