Complex sentence: The Sheepshead Bay Speedway Corporation ran into financial difficulties in 1917 and following the death of its majority shareholder, Harry Harkness, the property was sold for residential real estate development.
Split into simpler sentences: The Sheepshead Bay Speedway Corporation ran into financial difficulties in 1917, following the death of its majority shareholder, Harry Harkness. The property was sold for residential real estate development.