02.12.2023
Isaac Hager buys distressed Crown Heights office building
Isaac Hager is making a comeback.
The Brooklyn developer teamed up with Shiya Labin to acquire an office condo building at 1000 Dean Street in Crown Heights for $32.5 million from Meadow Partners and LIVWRK, records show.
The property is split into three condo units. Two smaller retail condos sold for $6 million in 2021.
Hager is purchasing the unit at a sharp discount from the $56 million that Meadow and LIVWRK paid for the entire building in 2019. The occupancy is now around 50 percent, according to sources familiar with the deal.