RedSky Doubles Down on Flatbush Avenue

It was big news when RedSky Capital bought the old Triangle Sport building, not only because of its iconic stature (okay, maybe “iconic” is overstating it–let’s call it high-profile) but also because the firm paid $4.1 million (or about $900 a foot) for the 4,600-square-foot building. Now RedSky, which also controls a huge parcel of land on the Greenpoint waterfront as well as a cluster of buildings on Bedford between North 3rd and North 4th, has upped its bet on the area around the Barclays Center with a purchase, reported yesterday in the Wall Street Journal, of the 24,000-square-foot mixed-use building at 76 Saint Marks Avenue that houses Flatbush Farm and Taro Sushi for $15 million. At $625 a foot, that’s a relative bargain!
Firm Pays $900 a Foot for Building Opposite Barclays [Brownstoner] GMAP
Building at Flatbush and St. Marks Sells for $15 Million [AYR]