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
188 Nelson Street and 483 13th Street
Zero deals signed for $4M homes in Brooklyn last week
Zero deals signed for $4M homes in Brooklyn last week
Sugar Hill Capital’s David Schwartz with 121 West 116th Street (TerraCRG, Google Maps, Getty)
Uptown landlord Sugar Hill Capital faces another foreclosure
Uptown landlord Sugar Hill Capital faces another foreclosure
From left: William Macklowe Company's William Macklowe and A&E Real Estate's Doug Eisenberg along with 120 Fifth Avenue in Brooklyn, Acropolis Gardens in Astoria, and 2750 Homecrest Avenue in Brighton Beach (Getty, Google Maps, William Macklowe Company, A&E Real Estate)
Billy Macklowe, A&E scored biggest outer-borough loans
Billy Macklowe, A&E scored biggest outer-borough loans
Sugar Hill’s David Schwartz and 4300 Broadway (TerraCRG, Google Maps)
Major landlord Sugar Hill Capital faces Washington Heights foreclosure
Major landlord Sugar Hill Capital faces Washington Heights foreclosure
30 Front Street and 593 11th Street (StreetEasy, Google Maps)
In election week, Olympia Dumbo emerges as winner
In election week, Olympia Dumbo emerges as winner
Douglas Elliman’s Lindsay Barton Barrett and 17 Prospect Park West in Park Slope (Illustration by Kevin Cifuentes for The Real Deal with Getty Images, Zillow, Douglas Elliman)
TRD Pro: Brooklyn’s top neighborhoods for Q3 home sales
TRD Pro: Brooklyn’s top neighborhoods for Q3 home sales
Billy Macklowe and 120 Fifth Avenue in Park Slope (Getty Images, Google Maps)
Billy Macklowe lands $143M loan for Park Slope project
Billy Macklowe lands $143M loan for Park Slope project
A photo illustration of JFA Architects' Joseph Frankl and 101 Fleet Place in Fort Greene (Getty, JFA Architects)
TRD Pro: NYC’s busiest areas for new buildings
TRD Pro: NYC’s busiest areas for new buildings
arrow_forward_ios

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

Loading...