Shahn Andersen better wear a disguise to the next meeting of the Secret Society of Brooklyn Developers after he’s appeared in print flying the DDDB colors! Other than displaying Shahn’s choice in t-shirts, the Real Deal article that just came out on the Broken Angel conversion also provides some interesting deets on the economics of the project. Shahn is quoted as saying that he expects to spend about $3 million to renovate the existing structure and build from the ground up on the vacant lot. As for his deal with Woods? The pair will split the profits 50-50. “[Wood] is going to come out ahead,” Shahn says.
Broken Angel Goes Condo in Changing Clinton Hill [The Real Deal]
Photo courtesy of The Real Deal