By Holly Dutton
A dilapidated former police precinct in Sunset Park could become a neighborhood hotel.
Mark Tress, a princpal investment and development company Cedar Holdings, said the company is on contract to purchase the property at 4302-4312 4th Avenue through an LLC.
“Once we restore the facade we’re contemplating either a hotel or luxury condo building,” said Tress. “We’re hoping to close sometime in mid-June.”
Built in 1886, the landmarked three-story building was once home to the 68th Police Precinct but has lain vacant for more than 40 years and fallen into disrepair since the cops left in 1970. Interior photos of the building published online show collapsed floors and ceilings and floors covered in debris.
It was last purchased by the Brooklyn Chinese-American Association (BCA), a non-profit organization founded in 1987 that offers senior, youth and community services.
The BCA paid just over $200,000 in 1999 to buy the property from aanother non-profit community group, the Sunset Park Music Group.
The BCA had planned to raise enough money to restore the building and use it as a community center but instead racked up more than $100,000 in fines over the years.
Though it came close to securing grants to restore the building, the