G4 Capital Partners

A Crown Heights property that has seen several development proposals over the years traded hands again. A limited liability company tied to Yitzchok Schwartz's YS Developers paid $64 million for 960 Franklin Avenue, which sits a block from the Brooklyn Botanic Garden and is home to a former spice factory, as The Real Deal reported. YS Developers acquired the site from Isaac Hager and Daryl Hagler and on Friday filed plans for a seven-story residential building with 289 condos. A previous plan that called for two 34-story towers with over 1,500 apartments was successfully stopped by the Brooklyn Botanic Garden and local residents, who feared the high-rises would block sunlight to its nearby greenhouses.
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