Sugar Hill floats 66 condos at site of former Park Slope senior center

Test-the-market app with AG first indication developer planning for-sale units

TRD New York /
Oct.October 16, 2017 11:00 AM

1 Prospect Park West and Sugar Hill’s David Schwartz

Harlem-based Sugar Hill Capital Partners is looking to take its 1 Prospect Park West conversion project condo, an application filed with the New York State Attorney General’s office shows.

Last month, Sugar Hill submitted plans with the Department of Buildings to convert a troubled senior living facility at 1 Prospect Park West in Brooklyn into luxury apartments, with amenities like wine storage replacing broken air conditioners and allegedly rotting food.

And according to a CPS-1, or “test-the-market,” application filed with the AG last week, the developers are thinking about making the project for-sale condominiums. The submission counts 66 apartments and indicates that the building will have two commercial spaces, likely ground floor retail. The application does not constitute a full offering plan, but allows the developer to engage in basic marketing activities in order to measure consumer interest in a potential plan.

A spokesperson for Sugar Hill did not immediately respond to a request for comment.

Sugar Hill closed on the $84 million sale for the 169,000-square-foot building last year, buying it from the controversial senior care owner Haysha Deitsch, who faced litigation regarding tenant evictions and allegedly shutting off essential services in order to expedite such evictions.

Last June, more than 125 senior residents had been evicted, but five residents held out. They later agreed to move out in return for payment when Deitsch settled a lawsuit.

The nine-story building, which sports a brick, limestone and terra cotta facade, was built in 1925 and served as the meeting place for the Knights of Columbus.


Related Articles

arrow_forward_ios
Carmel Partners CEO Ron Zeff (JLL)

Carmel Partners sells Norwalk apartment complex valued at $157M

Carmel Partners sells Norwalk apartment complex valued at $157M
From left: 180 West 81st Street in Upper West Side, 15-30 130th Street in College Point; 5002 13th Avenue in Borough Park (Google Maps)

Manhattan sees first September i-sale with UWS mixed-use building

Manhattan sees first September i-sale with UWS mixed-use building
Knotel CEO Amol Sarva and Sprinklr CEO Ragy Thomas with 29 West 35th Street (Sarva via Sasha Maslov; Getty; Google Maps)

Manhattan landlords sue Knotel, Sprinklr for missing rent

Manhattan landlords sue Knotel, Sprinklr for missing rent
(iStock)

Is winter coming? Real estate stocks dragged down by 4th week of market decline

Is winter coming? Real estate stocks dragged down by 4th week of market decline
From left: Michael Fuchs, Aby Rosen, Brandon Singer and Michael Cody (Getty, iStock)

Aby Rosen, Michael Fuchs back new retail brokerage

Aby Rosen, Michael Fuchs back new retail brokerage
Companies are relying on surveys and other data points to determine who will come back to offices first. (iStock)

How do companies decide who should return to offices first? It’s tricky

How do companies decide who should return to offices first? It’s tricky
Council member Laurie Cumbo  and a rendering of the Bedford-Union Armory (Getty; Bedford Armory)

Student suspended after blasting lawmaker’s pro-development stance

Student suspended after blasting lawmaker’s pro-development stance
UDR President Jeffrey Davis, AvalonBay Timothy Naughton Equity Residential's Sam Zell (LinkedIn; AvalonBay; Getty)

Investors bank on urban real estate comeback

Investors bank on urban real estate comeback
arrow_forward_ios

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

Loading...