Brooklyn, NY Greenbrook Partners, a vertically integrated real estate investment manager headquartered in New York City, has completed the residential project located at 377 13th St. in Park Slope, and with it, the removal of 179 building violations.
Greenbrook acquired the property from an absentee owner that left it in severe disrepair due to decades of neglect. Given the state of the building, Greenbrook inherited a significant number of violations and dangerous existing conditions associated with prior ownership, including mold, pest infestations, water damage, plumbing leaks, rotted interiors, collapsed ceilings, faulty electrical wiring and a deteriorating building infrastructure.
“We strive to be part of the solution to the housing shortage in New York City by reactivating obsolete buildings, adding high-quality, professionally managed apartments, and upholding high standards of integrity in construction quality, building safety and code compliance,” said Gregory Fournier, managing principal of Greenbrook Partners.
“We routinely acquire properties like 377 13th St. from undercapitalized owners. These buildings often have extensive violations or pre-existing conditions that merit violations. Our knowledge of local building codes and regulations enables us to assess and remedy even the most complicated violations by implementing comprehensive corrective action plans in conjunction with our major building renovation plans,” said Fred LeCao, principal of Greenbrook Partners.
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