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September 20, 2012
Three-pointer! Triangle Sports building sold
The Brooklyn Paper
by Eli Rosenberg
Bruce Ratner's gentrification machine is kicking into high gear.
Two young real estate titans snatched up the prized Triangle Sports building steps from the soon-to-open Barclays Center — adding a crown jewel to their already impressive collection of upmarket Brooklyn properties and kicking off in earnest a real estate gold rush around the arena.
Redsky Capital LLC, helmed by recent Cornell graduates Benjamin Bernstein and Benjamin Stokes, purchased the three-sided structure on Flatbush Avenue for $4.1 million — a whopping $900 per square foot that sets a new record among comparable retail buildings in the borough, insiders say.
The young real estate barons would not comment on their plans or divulge anything about potential tenants for the site, which McDonald’s eyed earlier this year.
Posted by eric at September 20, 2012 10:42 AM