The Real Deal New York

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
By Will Parker | October 16, 2017 11:00AM

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.