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Broken Angel Finds a Buyer

February 20, 2014
Broken Angle in Clinton Hill Sold

Broken Angle in Clinton Hill Sold

Iconic Clinton Hill building dubbed the Broken Angel was finally sold after one year on the market for $4.1 million. The story of this property and its recent sale begins when the owner, artist Arthur Wood, and his late wife, Cynthia, added homemade installations and stained glass windows to the building.

In 2006 the building was found to be not up to code. Wood tried to fund the necessary renovations with a condominium conversion, but the conversion failed. Madison Realty Capital took over the property, which is located at 4-8 Downing Street after Wood defaulted on a $4 million loan.

Last February the building was listed for sale at the asking price of $4.5 million. The new owners are Barrett Design & Development, a Brooklyn-based development company. Barrett is planning to move ahead with conversion to a condominium.

“We are thrilled to begin work on this important project. The property has a great deal of history, dating back to its construction as a walk-up apartment building in the 1880s,” Alex Barrett, founder of Barrett Design, said.

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