475 Washington Avenue Condo Conversion
Sector: Commercial • Location: Brooklyn, New York, United States
Source: The Real Deal
Conversion of a six-story building at 475 Washington Avenue in Clinton Hill, Brooklyn, into 60 condominium units starting in 2018. The project faced allegations of fund misuse, including diversion of reserve funds meant for capital repairs, and violations of condo conversion rules. Closings began in 2021, but the project encountered financial strain, defaulted on a $35 million loan, and went into
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | under investigation |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Conversion of a six-story building at 475 Washington Avenue in Clinton Hill, Brooklyn, into 60 condominium units starting in 2018. The project faced allegations of fund misuse, including diversion of reserve funds meant for capital repairs, and violations of condo conversion rules. Closings began in 2021, but the project encountered financial strain, defaulted on a $35 million loan, and went into foreclosure. The developers are under investigation by the New York Attorney General for alleged mishandling of funds and regulatory violations. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |