Harlem's Sugar Hill Capital Partners To Turn Park Slope Senior Center Into High-End Rentals

Harlem’s Sugar Hill Capital Partners To Turn Park Slope Senior Center Into High-End Rentals

September 13, 2017

NY Curbed reports that the long, complicated (and often very sad) saga concerning the Prospect Park Residence nursing home looks to be coming to a close under new ownership. Unsurprisingly, luxury real estate is in the future for the prized northwest corner of Prospect Park.

A&E To Sell Four-Building Portfolio For $60M In HarlemA group of investors led by Sugar Hill Capital Partners and Abro Management is in contract to buy a …Mar 13 2017harlemworldmag.com

Harlem-based developers Sugar Hill Capital Partners filed plans to convert the 198-unit facility to 67 rental apartments, according to The Real Deal. Amenities throughout the nine-story, 139,652-square-foot building will include a pet spa, wine vault, play room, bike storage, fitness center, and roof terrace. The architect of record for the conversion is the IBI Group.

The building’s previous owner, Haysha Deitsch, purchased the building for $40 million in 2006, and years of fighting over its fate followed. There were accusations of neglect and lawsuits from both sides of the aisle, with reports that Deitsch served rotten food to seniors and cut off their air conditioning.

Washington Heights With Help From Harlem Developer Is Getting Its Own Food Hall The construction for Washington Heights’ North End Food Hall from Sugar Hill Capital Partners is un…Jul 11 2017harlemworldmag.com

Family members also claim his illegal evictions contributed to the deaths of seven residents. Though Deitsch has paid a $3.4 million settlement to settle eviction claims, he still faces various wrongful death suits. As of this May, only five seniors remained living at the facility.

Sugar Hill then paid $84 million for the nine-story building in 2016. In a statement, the developer said that they’re “thrilled to have the opportunity to restore such an iconic building.”

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New 13-Story Apartment Building Coming To Harlem – Harlem World Magazine (harlemworldmag.com)
Papers Filed For Development In Washington Heights – Harlem World Magazine (harlemworldmag.com)
Permits Filed For Development In West Harlem NY (harlemworldmag.com)

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