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February 2, 2007
More Details on the Broken Angel Project
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
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Comments
Shawn is so hot looking even in t-shirt on cold winters day.
Posted by: Anonymous at February 2, 2007 9:44 AM
Nice job Shahn! Congratulations!
I know that you once approached, Moses Fried, the owner of the Lefferts Hotel about selling his building or perhaps doing a joint condo conversion in Clinton Hill. From my understanding, those talks didn't go far. In light of your new found "Midas touch" perhaps you could revisit the issue again with the property owner.
The stipulation agreement entered into by the City and the Prince Hotel Group is killing the Lefferts Hotel; he can't make any money as a legitimate business concern. The place is dead and appears on the brink of shutting down. At the same time, property values are soaring all around the hotel and this section of Clinton Hill. If there was every a good time to get Mr. Fried to sell this beautiful building it is now. It's a beautiful structure and given your strong roots in Clinton Hill and commitment to the area, you're just the type of developer who could do this property some justice while creating a huge benefit to the community. Please consider.
Recent sales on Lefferts Place:
A. 15 Lefferts sold for $1.49M
B. 61 Lefferts sold for $1.40M
C. 70 Lefferts sold for $2.40M
D. 579 Classon at the corner Lefferts sold for $1.4M
E. 184 Lefferts sold for $970K
F. 208 Lefferts sold for $1.35M
I know you proably have a lot on your plate with the Broken Angel project but you're Clinton Hill's new "Golden Boy Developer" and its often best to go with the hot hand!
Posted by: Anonymous at February 2, 2007 9:46 AM
a happy ending? in brooklyn real estate? i can't believe it...
way to go, mr. b, for publicizing this story until it got some (positive) attention, and way to go shahn!
Posted by: sylvia at February 2, 2007 9:50 AM
I think it's just a covert publicity stunt by the Secret Society of Brooklyn Developers to have this young guy develop Broken Angel. I heard they've hired the same Public Relations agency that Phillip Morris used to try and soften their image.
Posted by: Anonymouse at February 2, 2007 10:06 AM
9:46 - I witnessed a presentation by your golden boy developer in front of the CB2 land use committee a year or so ago. It was like watching Rocky (Anderson) debate Mickey (CB2) on the differences between Almond Joy and Mounds, respectively. Definitely a little nutty.
Posted by: Anonymous at February 2, 2007 10:48 AM
Burgess Meredith "Mickey" or mouse "Mickey"?
Balboa "Rocky" or Bullwinkle "Rocky"?
Sorry, mixed metaphors in post above lost me. Perhaps clearing up these items will help.
Or not.
Posted by: Anonymous at February 2, 2007 11:28 AM
Is that Val Kilmer in Top Secret?
Posted by: Anonymous at February 2, 2007 11:48 AM
Balboa and Burgess. It was so painful to watch. Golden Boy should consider using an architect on his projects. I am not an architect. I would love to catch his show at the LPC.
Posted by: Anonymous at February 2, 2007 11:56 AM
Wouldn't be hard to get Wood for Shahn.
Posted by: Anonymous at February 2, 2007 12:22 PM
"Golden Boy" does have an architect. I just prefer a more hands on approach than some developers when presenting to the community. It's the lack of direct communication with the community that gives many developers a bad name.
I think it was an interesting discussion to have with the Landmarks Preservation Committee, and by extension the CB2 Land Use Committee, on whether the stick style of the 1863 construction or the Queen Anne and Tudor flourishes of the 1896 renovation should be most evident in the final design of the building that was presented at that meeting. I wouldn't want to give up that experience just because my architect has more knowlede of the building code than I do.
If you recall, the CB2 Land Use Committee voted 11-1 in favor of my project at the meeting you attended Anon 11:56. I think I did a little better than Rocky Balboa's 57-23-1 record on that particular day. :P
Posted by: Shahn Andersen at February 2, 2007 12:33 PM
I think that calling any young, white, blond male a "Golden Boy" is ageist, racist, and anti-white. Shame on whomever said it.
Posted by: Anonymous at February 2, 2007 12:53 PM
Well, he is young and wearing a gold shirt.
The way he was dressed, he was asking for it.
(hah)
Posted by: Anonymous at February 2, 2007 1:12 PM
Are you kidding? I think you are color-ist for calling the color of that shirt gold. It's clearly lemon chiffon.
Posted by: Anna Wintour at February 2, 2007 2:20 PM
Is that some strange crosshatching on the photo or are you wearing stocking sleeves or a tattoo Shahn?
...and the neighborhood parents never thought the goth kids would amount to anything...haha.
Posted by: Anonymous at February 2, 2007 2:51 PM
NO! NO! NO! you guys got it all wrong. The color of the T shirt is not Gold or Lemon whatever, is a Piss color, sort of like a light skin brothers in the neighborhood... DUH!
Posted by: Anonymous at February 2, 2007 5:34 PM
Shahn, I don't know if you make it over to PLG very often, but if you do, maybe we should get together for coffee or something? Please email me at XOTigre@yahoo.com.
Posted by: Ed at February 2, 2007 5:38 PM
Nice. It wouldn't be Friday afternoon without a troll to start the weekend, eh Anon 5:34?
Posted by: Anonymous at February 2, 2007 5:41 PM
Is Ed creeping everyone else out, or is it just me?
Posted by: Brownnoser at February 2, 2007 5:48 PM
When Ed sees what he wants, he goes for it. I respect that.
Posted by: dt at February 2, 2007 6:35 PM
I respect that too dt. There's nothing creepy about one man requesting anonymous "coffee or something" with another man on a blog about real estate.
Posted by: Anonymous at February 2, 2007 6:45 PM
hmm. shahn's kicking people out of his building so he can turn it into condos. these tenants would have to earn at least quadruple of what they do now to be able to buy their units, at the price they're selling. and that's the tenants who pay market rate and won't find it so hard to find a new place to rent. what about the very poor who live there? i guess poor people will never be able to live in peace.
how is that not destroying?
Posted by: how much money do you need? at February 2, 2007 7:51 PM
And maybe it's not enough to stop Shahn!
Posted by: Pat at February 3, 2007 12:04 AM
If you had seen your building before I took it over "How Much Money 7:51 PM" then you would really know what destruction is. The previous owners had intentionally let the building fall apart hoping that those same "poor" tenants would move out because things were so bad.
Most of those "poor" tenants you are referring to have worked for years in civil service and now have substantial pensions and retirement accounts that give them more of a means to purchase their apartment than you think. Do not immediately assume that because someone is older and black that they are "poor". Furthermore, I have had private discussions with most them about the possibility of them buying their units at a significant discount so that they can take ownership of their home in a way that they were never able to as renters. If you had the foresight to further explore what I am offering each tenant in the building rather than attacking it, you would find that there is a real opportunity here for everyone.
It is tenants like yourself that bitch and complain regardless of what I do, even when I bend my own rules and let you do things explicitly restricted in your lease, that have made me not want to be a landlord anymore. Rather than sell the building outright, I am offering each tenant the opportunity to take ownership of where they live. That is the epidemy of good development in my book, not destruction.
Posted by: Shahn Andersen at February 3, 2007 8:23 AM
Shahn, get over yourself! Yawn...
Posted by: Anonymous at February 3, 2007 6:01 PM
I'd love to see other landlords get on a forum like this and defend their actions the way Shahn is doing.
Posted by: Anonymous at February 3, 2007 6:43 PM
Honestly, what good would it do? You think your landlord is a scumbag, and he doesn't. What is there to discuss?
Posted by: Anonymous at February 3, 2007 7:05 PM
Shahn, don't let these morons get under your skin. Let's get together one night this week and discuss things. Nothing 'heavy' has to happen...we'll just get to know each other a little better. You have my email. I'd rather not post my phone number here.
Posted by: Ed at February 3, 2007 7:09 PM
Shahn,
As a long time fan of broken angel and Arthur Woods I commend you both for what I'm sure will be a fun and interesting project. I can't wait to watch it unfold and love that Mr. Woods and you will be partners. I would be broken hearted to hear otherwise and am so pleased that you are able to do this. I think putting the artist back into development is just what we need over here. Anyway, just wanted to send out a thank you and hopefully offset some of the silliness above.
Amy
Posted by: amybnyc at February 4, 2007 11:13 AM
Hey, Ed saw him first beeeotch!
Posted by: Anonymous at February 4, 2007 11:35 AM
lol pure comedy.
Let us know about the yard sale. I'm sure there's tons of goddies in there!
PS keep it dont condo it.
Posted by: Anonymous at February 5, 2007 3:42 PM
SAHN TELL THE TRUTH HOW YOU ARE GOING TO FIX UP THAT BUILDING JUST LIKE THE ONES YOU DID ON TIFFANY PLACE , HICKS STREET AND FLATBUSH AVE THAT ARE ALL BUILT LIKE shit. YOU LYING DIRTBAG.
Posted by: THE SHADOW at February 5, 2007 11:51 PM
What the hell are you talking about "The Shadow"? I haven't done projects in any of those locations. Put down the crack pipe and go take your medication. Damn.
Posted by: Shahn Andersen at February 6, 2007 8:36 AM
Shahn-
Please stop getting in on the thread you remind of Scarano. GROW UP!
Posted by: anon at February 6, 2007 5:20 PM
I think he is right to defend himself, especially when people make incorrect statements.
Posted by: Anonymous at February 6, 2007 5:46 PM
Oh I know ripping down art for money is Shahn's game
Posted by: Anonymous at February 6, 2007 11:40 PM
Maybe uncle tom will help you when you F----p. What have you don big shot
Posted by: Anonymous at February 6, 2007 11:41 PM
Shahn will soon know that all this unnecessary atention will be un helpful to hi in the end. Especially when he lets his opponents get him all upset. Brownstoner do yourself and him a favor and give it abreak. Not only are you exploiting his naivite for your gain, it makes the whole site look stupid.
Posted by: Famous for a second at February 7, 2007 7:54 AM
Anon 7:54
That is the entire point of this site.
He is still just a crooked developer you know
Posted by: Anonymous at February 7, 2007 8:54 AM
Go ahead and hate on all developers anonymously, who do you think built your home dumbass, ants?
Posted by: Famous for Never at February 7, 2007 9:07 AM
Blah Blah Blah. Developers are crooked. Blah Blah Blah. Lawyers are scumbags. Blah Blah Blah. Doctors think they are god. Blah Blah Blah. What do you do for a living anonymous? You work in marketing at a financial services company? So that makes you a saint?
Posted by: Anonymous at February 7, 2007 9:32 AM
No, I employe under age members of your family as street walkers if you must know.
F---K this j-----f Shahn and his exploitation of this true artist and his work for his own gain. Let him give his proceeds to the brooklyn arts council if he is true blue anon 9:32.
Posted by: Anonymous at February 7, 2007 10:13 AM
Would it be redundant to call Anon 10:13 a troll, or did he just scream that himself?
Posted by: Anonymous at February 7, 2007 12:09 PM
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