Brooklyn residents protest billion-dollar sale of Starrett City

BROOKLYN - An agreement was reached Thursday to sell a 140-acre complex in Brooklyn and residents say they fear the worst.A spokesman for Starrett City Associates, Martin McLaughlin, confirmed Berkshire Partners LLC purchased the complex for $1.3 billion. The property is compromised of nearly 6,000 apartments in 46 buildings. Some of the 12,000 residents who live at Starrett City, whose official name is now Spring Creek Towers, rallied to protest the sale. They say they are afraid the affordable housing will be taken away and they will lose their homes.McLaughlin said the agreement would be signed and the sale money deposited on Thursday. He says there were seven bids for the property ranging from $600 million to $1.3 billion.

advertisement | advertise on News 12

Trending Video

Heavy rain and strong winds Tuesday proved a 1 Rain, wind slam outdoor workers
News 12 Brooklyn hit the streets to ask 2 Word on the Street: GPS devices
News 12 talks to viewers about how dating 3 Word on the Street: Dating apps and self-esteem
News 12 takes to Facebook to discuss the 4 The Buzz: Calm weekend in Coney Island
The study was published in the American Journal 5 Word on the Street: Facebook and mental health

advertisement | advertise on News 12


Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.