Brookland Capital, once one of the most prolific multifamily developers in Brooklyn, is selling another property as a means to remedy its financial troubles. Local developer Serabjit Singh is buying 257 Washington Avenue in Clinton Hill from the troubled development firm for $13.5 million, according to sources familiar with the deal. A TerraCRG team led by Dan Marks brokered the transaction. Brookland has been facing serious financial difficulties since at least last year. The firm […]
source https://therealdeal.com/2019/08/05/financially-strapped-brookland-capital-sheds-another-brooklyn-development-site/
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