Sunset Park’s Skyline Set to Convert Hagler’s $42.5M Real Estate Boost

As mentioned in a January 10, 2025 Brooklyn Patch story, residents of Sunset Park here in Brooklyn are witnessing a pivotal moment in their neighborhood’s growth thanks to real estate investor Daryl Hagler. Mr. Hagler recently secured a $42.5 million loan to breathe new life into the long-anticipated residential development at 6128 Eighth Avenue. This 28-story, 497-unit project was teetering on the edge of foreclosure until Daryl Hagler’s financial expertise provided the lifeline needed to move forward.

The site, a former rail yard, has been the focus of community interest due to its potential to address Brooklyn’s growing housing demand. Originally facing foreclosure under the stewardship of Rialto Capital Group, the Manhattan-based real estate investment firm, the project was at a standstill until Mr. Hagler stepped in. With this strategic financing, developer Watermark Capital, led by Wolfe Landau and Meir Tabak, is now back on track to complete this transformative residential project.

“I’m proud to be part of a project that will not only revitalize this significant site in Brooklyn but also contribute to the area's economic growth by providing much-needed housing units,” said Daryl Hagler. “The development of Sunset Park is more than just a construction project; it’s a vision for the future of Brooklyn.”

What This Means for Sunset Park

The development promises to reshape Sunset Park, bringing hundreds of much-needed housing units to the area and stimulating the local economy. As the borough continues to grapple with rising housing demand, this project stands out as a beacon of progress for Brooklyn’s working families and professionals.

Daryl Hagler’s ability to navigate complex financial challenges has been instrumental in ensuring the Sunset Park project can move forward after years of delays. His strategic approach has provided the financial stability needed to bring this transformative development closer to reality, according to Watermark Capital, which has been working to realize this ambitious vision for the Brooklyn neighborhood.

A Local Legacy of Real Estate Success

This isn’t Daryl Hagler’s first major contribution to Brooklyn’s real estate scene. In 2022, he partnered with Isaac Hager of Cornell Realty to acquire the 960 Franklin Avenue development in Brooklyn for $42.8 million, which was later sold for $64 million in early 2024. His track record of success reflects his deep understanding of the market and ability to navigate complex financial situations.

For Sunset Park residents, Hagler’s work at 6128 Eighth Avenue represents more than just another building. It’s a commitment to fostering a community that balances growth with sustainability, providing housing opportunities while enhancing the neighborhood’s character.

A Vision for the Future

As construction resumes, locals can expect this development to not only address immediate housing needs but also serve as a catalyst for further economic growth in Sunset Park. The infusion of nearly 500 new residential units will likely spur business activity, create jobs, and enhance the area’s vibrancy.

Daryl Hagler’s involvement underscores his dedication to projects that make a meaningful impact. As Sunset Park looks to the future, it’s clear that Mr. Hagler’s vision will play a key role in shaping the borough’s evolving landscape. For residents eager to see their community thrive, this development is a promising sign of what’s to come.