We may be nearing the end of the long, sad history of the Broken Angel building in Clinton Hill. Today The Local reports that building lender Madison Realty Capital now owns Broken Angel, once envisioned as an artist community, and the vacant side lot. Owner Arthur Wood first filed a lawsuit against Madison Realty in 2009 after Wood and his development partner defaulted on a $4 million mortgage and Madison Realty initiated foreclosure proceedings. There were no other bidders at the auction, which was briefly delayed after efforts by Wood. The bank has not yet moved to evict Wood but he believes it’s imminent. He’s also tried to appeal to the US Supreme Court and his case was denied. Wood owned the building since the early 70s, but his wife’s death, a fire, the subsequent costly building repairs, and a failed development plan led to this endpoint.
Arthur Wood Awaits Sheriff to Evict Him from Broken Angel [The Local]
Broken Angel Foreclosure Case Delayed [Brownstoner]
Broken Angel is Officially Broke [Brownstoner]