Details revealed for Sugar Hill’s Park Slope condo restoration

1920s-era building is being converted to four full-floor units

New York /
Jan.January 23, 2015 05:23 PM

Sugar Hill Capital Partners revealed details on its restoration of a Park Slope building that was once a dilapidated eyesore but is being converted to four three-bedroom condos.

The condos, at 187 Seventh Avenue, will be completed in the fall and start at $3.2 million. A penthouse with a private roof deck will be listed for $3.5 million.

Rather than raze the 1920s building, Sugar Hill opted to give it a $6 million facelift, including cleaning and replacing the light-colored brick and metal parapet, as well as installing floor-to-ceiling glass windows in the turret and bay windows. The developer purchased the building in 2013 for $4 million, the New York Times reported.

Each condo will have three bedrooms and a flexible layout, meaning that bedrooms can easily be added or removed. The building will have an elevator, lobbies, and one retail tenant on the ground floor.

Amenities for all residents include a roof deck with Manhattan views, a summer kitchen and cabanas and a virtual doorman. [NYT] — Tess Hofmann

 

Related Articles

arrow_forward_ios
The Grand Prospect Hall with former owners Michael and Alice Halkias. (Facebook via The Grand Prospect Hall)
Grand Prospect Hall sold in Park Slope assemblage
Grand Prospect Hall sold in Park Slope assemblage
JDS Development's Michael Stern and 613 Baltic Street (JDS, VOA Architecture)
Michael Stern-owned condo project files for Chapter 11 bankruptcy
Michael Stern-owned condo project files for Chapter 11 bankruptcy
53 Prospect Park West (Google Maps)
Brooklyn Society for Ethical Culture’s home is on the market for $30M
Brooklyn Society for Ethical Culture’s home is on the market for $30M
552 1st Street and 555 1st Street (Corcoran)
Park Slope townhouses top Brooklyn’s luxury contracts
Park Slope townhouses top Brooklyn’s luxury contracts
Renderings of 1 Prospect Park West in Brooklyn 
Park Slope condo building poised to set new price record
Park Slope condo building poised to set new price record
Greystone Development CEO Thomas Ryan and an image of the project (Courtesy of James Hooker, Greystone)
Greystone eyes $40M-plus for Park Slope luxury apartments
Greystone eyes $40M-plus for Park Slope luxury apartments
Manhattan Institute’s Kay Hymowitz and Bronx Community Board 6 district manager John Sanchez
Is gentrification a blessing or a curse? New Yorkers discuss
Is gentrification a blessing or a curse? New Yorkers discuss
Carroll Gardens and Flatbush in Brooklyn (Photos by Steven Pisano via Flickr; Mrbrklyn via Wikipedia; iStock)
Brooklyn’s most and least expensive neighborhoods
Brooklyn’s most and least expensive neighborhoods
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...