A long-awaited payout for holdout Prospect Park Residence tenants is near
Six Weeks Late, Nursing Home Landlord Comes up with $3.35M Settlement for Last Remaining Seniors
Now that they’ve finally settled, they can afford to resettle.
The longstanding controversy that has swirled around the Prospect Park Residence senior citizens’ home came one step closer to closure last week when its owner agreed to pay $3.35 million to get a group of holdout tenants to move out of the Park Slope facility.
Landlord Haysha Deitsch has been trying to clear out 1 Prospect Park West — once home to as many as 130 elderly residents — since 2014, so that he can sell it for $84 million to investment firm Sugar Hill Capital Partners, which wants to convert the nine-story, 134-unit building to luxury condos.