Exclusive | Owner of collapsed Brooklyn building is a notorious slumlord, tax deadbeat who owes $450K debt

The owner of the Brooklyn building that collapsed onto an adjacent construction site leaving eight people dead is not only a notorious slumlord — he’s also a deadbeat who owes more than $450,000 in fines, unpaid taxes and water bills, The Post has learned.Olufemi Falade — who has the dubious distinction of landing on the NYC public advocate’s annual “Worst Landlords Watchlist” three times — racked up nearly all of his debt at the three-story building at 1321 Flatbush Ave.that crumbled Wednesday.A review of city records found that he owes $170,000 in fines issued by the Department of Buildings in 2019 for improperly displayed signs.

He also owes the city $114,945 in unpaid water bills accumulated over several years and $113,526 in property taxes dating to 2021.Separately, Falade owes the Internal Revenue Service another $49,269 for unpaid personal federal income taxes, according to a 2010 lien.He also owes New York state another $4,316 in personal income taxes. The city is still trying to determine who is at fault for the building collapse.The city signed off on deep excavation plans for the construction site that likely caused the collapse — even though it lacked key structural support, The Post previously reported.The DOB approved the allegedly shoddy plans in March for the excavation of the lot at 2625 Bedford Ave, where a developer was set to build a three-floor, 25,000-square-foot mixed-use building.Records show the plans provided extensive and sophisticated shoring and bracing along the majority of the lot, including the backyard of 1321 Flatbush Ave.

— but the blueprints crucially did not include any hard reinforcements right alongside the now-collapsed building.Besides making the Worst Landlord’s List, Falade was sentenced to 12 days in jail in 2006 and fined another $50,000 for civil contempt for failing to fix more than 1,800 violations — including vermin infestations, exposed wires and leaking pipes — at 12 Brooklyn buildings he...