Triangle Sports Building for Sale


The Journal reports that the Triangle Sports building on Flatbush and 5th Avenue, right across the street from Barclays Center, is for sale. The family-owned store has been in business for nearly 100 years. Its owners cite the economy and “pressure from big-box stores” as reasons for calling it quits, and they’re looking to capitalize on demand for space near the arena. Brokers and other business owners in the area, meanwhile, are talking up how much demand the arena is supposedly generating for commercial space. Here’s what’s going away: “The Flatbush Avenue location of Triangle Sports was an anomaly among small business in the rapidly gentrifying area. It often kept erratic hours and shoppers had to climb a narrow staircase to reach top floors of the shop. But it also had a devoted following of shoppers who liked the customer service and selection of apparel that included Levi’s and Red Wing boots.” And here’s what’s coming: “The retail landscape has been altered throughout the past decade as national chains such as Target and Applebee’s have moved into the Atlantic Center mall along with upscale boutiques on the side streets off Flatbush Avenue. ‘This trend is going to accelerate in a monumental way as we get closer to the arena opening,’ said Timothy King, managing partner with CPEX Real Estate.”
Bowing to Change [WSJ] GMAP
Photo by PropertyShark

12 Comment

  • There you go people – the “Mom & Pop”….Not so innocent huh!

    This business survived 90 years in this spot (including about half that time when this was a very undesirable spot), now fortunes have changed for the area; boutiques and a SPORTS arena are moving across the street and you’d think that it would be the best time in a long history for an independent specialty store (especially sports) but instead of taking advantage of this enhanced business environment, he is going to cash out – sell the building and go home.

    Now personally I do not begrudge the guy 1 bit. Good for him, he survived all this time, bought his building and now can take advantage of the change in one shot. But please remember Triangle sports the next time a small mom and pop bemoans the gentrification of their area and the inevitable rising rents.

    “mom and pop” are just like everyone else (including Landlords), when they have something to sell, they sell it at the highest price they can, its not really about sentimentality, tradition or community – ultimately its about business

    • My thoughts exactly. If these guys wanted make a go of it, they could make a killing by rebranding a little bit and reorienting their business toward selling Nets gear. Especially since they apparently own the building and won’t have to deal with the inevitable rent increases that will come with the arena.

      That said, there are benefits to mom-and-pop stores remaining regardless of whether the business owners themselves are selling out voluntarily or under duress—much as there are downsides to gentrification even despite the often-overlooked benefit that it can actually generate quite a windfall for the “original” residents (at least owners) of a neighborhood who sell out at peak property values.

      Nonetheless, good for the Triangle folks—a big development like the Barclays Center will inevitably redistribute the fortunes of its neighbors somewhat, and if Triangle is a winner in that lottery they may as well enjoy it. It would be a bit paternalistic to suggest otherwise.

  • There you go people – the “Mom & Pop”….Not so innocent huh!

    This business survived 90 years in this spot (including about half that time when this was a very undesirable spot), now fortunes have changed for the area; boutiques and a SPORTS arena are moving across the street and you’d think that it would be the best time in a long history for an independent specialty store (especially sports) but instead of taking advantage of this enhanced business environment, he is going to cash out – sell the building and go home.

    Now personally I do not begrudge the guy 1 bit. Good for him, he survived all this time, bought his building and now can take advantage of the change in one shot. But please remember Triangle sports the next time a small mom and pop bemoans the gentrification of their area and the inevitable rising rents.

    “mom and pop” are just like everyone else (including Landlords), when they have something to sell, they sell it at the highest price they can, its not really about sentimentality, tradition or community – ultimately its about business

  • If you read the WSJ article, Henry Rosa sounds like he’s got to be at least 60 years old. I don’t blame the guy for looking to cash out now and retire. I don’t think this has anything to do with Mom & Pop, but rather lifecycle events like retirement.

  • Damn. I loved that place. As old school Brooklyn as they come. I bought the same style of Adidas there at least three times. And they sold fishing licenses!

    But yes, the owner’s probably ready to retire, and if nobody in his family wants to take over the business, now’s a good time to cash out. I hope they keep the building, at least: the flatiron of Flatbush ave.

  • Hate to break up the love fest here, but I never felt at all welcomed in this store, and I found the “customer service” non-existant at best. To me, these guys acted like they were doing you a favor by having you shop here. Perhaps it was a race thing. I don’t know. But I stopped in here several times over the years, and I never felt like they appreciated me or my business, and after a while I determined I wouldn’t shop here again. And I haven’t since. If this is an example of a great mom-and-pop store, I’ll take a chain. The people in some of the Modells I’ve visited were more helpful and friendly, which is hard to imagine, but true. I won’t miss ‘em.

    • I don’t think it’s just you. I’m a blonde, white woman and also didn’t feel like I got proper attention the one time I went to this store. The store was cluttered and difficult to navigate, the stock wasn’t large enough for women’s sneakers and sizes were limited in styles that interested me. That’s why I only went once too. It is not because I only go to big box stores automatically. I tend to call hogwash on the whole Mom & Pop nostalgia trips that are so encouraged by entitled business owners. It’s BROOKLYN – politically and culturally you’re in the best place you could possibly be to be supported as a small, indie business owner. If you aren’t doing well enough then news flash, you have to do the same work all the big chain stores do and that’s examine your stock to make sure it’s what appeals to buyers now and evaluate your pricing and do that continually, have sales and promotions and do creative marketing. I actively dislike shopping at local Mom & Pop stores that don’t do the work on their end. If we had a big chain grocery arrive in our neighborhood and offer all the foods the community is clamoring for the small places won’t provide, please, I’d shop there exclusively in a heartbeat and without apologizing. The small businesses locally here that do try hard and work for the community’s loyalty and appreciate it — yes absolutely we shop there and often. But we’re not going to base our decisions on where we spend our hard earned money simply on whether a business is a chain or independent and small.

  • Haven’t shopped there in a long time, but I always loved this building!

  • Although I don’t begrudge the family for cashing in on their lifetime investment–and I do hope it’s for top dollar–I will miss this place a lot. Eight-plus years of buying soccer and bball equipment for my two little-leaguers, and a shirt or two and boots for me….

  • face it not only mom-and-pop stores are at risk but any store that sells mass-produced stuff since etailing has been increasing dramatically.

    gentrification has added alot of boutiques and restaurants other than kennedy’s chicken, which can co-exist since not everyone will pay $20 for an entree. those cute little one-off pita/sandwhich shops aren’t competing with anyones mom or pop.

  • Gabby,

    Where’s the listing for the building???

    Thanks