RedSky Doubles Down on Flatbush Avenue

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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]

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