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

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

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
Before the pandemic, national tenants paid 94 percent of rent. (Getty)

Retail rent collections rebound to 90%

Retail rent collections rebound to 90%
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
Cindat Capital Management CEO Greg Peng and Hersha Hospitality Trust CEO Jay Shah with 51 Nassau Street (Google Maps)

7 Manhattan hotels head to auction block

7 Manhattan hotels head to auction block
As companies leave Silicon Valley, Austin, Texas is becoming a top destination. (Getty)

Silicon Valley exodus: Where’d everyone go?

Silicon Valley exodus: Where’d everyone go?
TF Cornerstone President Frederick Elghanayan with 2-10 54th Avenue and 55-01 Second Street in Long Island City (Google Maps)

The 10 biggest new project filings in NYC

The 10 biggest new project filings in NYC
Gov. Andrew Cuomo announced that a major development surrounding Penn Station. (Getty)

Cuomo adds housing to $51B Midtown West project

Cuomo adds housing to $51B Midtown West project
Neil Shekhter (Shekhter by Kevin Scanlon; iStock)

Santa Monica mega-portfolio officially hits market

Santa Monica mega-portfolio officially hits market
Alex Sapir (Getty)

Former Sapir employee accuses company of retaliation

Former Sapir employee accuses company of retaliation
arrow_forward_ios

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

Loading...