Sugar Hill closes on $84M purchase of 1 Prospect Park West

David Schwartz’s Sugar Hill Capital Partners closed Tuesday on the $84 million purchase of a distressed senior assisted-living facility at 1 Prospect Park West in Park Slope after entering contract almost three years ago, sources told The Real Deal. Over the three-year period, the nine-story, 169,410-square-foot property, known as Prospect Park Residence, has been embroiled in controversy. […]