RedSky Capital is asking $41 million for a pair of Park Slope rental buildings – more than double what it collectively paid for them.
The Brooklyn-based real estate investment firm, led by Ben Bernstein and Ben Stokes, acquired the buildings at 719-723 Eighth Avenue and 704 Eighth Avenue separately, in 2011 and 2012, for a combined $16.6 million.
The properties, which can be converted to condominiums hold a total of 45 apartments and two office units. Of the rentals, 10 units are rent-regulated.
TerraCRG’s Ofer Cohen and Adam Hess are marketing the properties. [Crain’s] — Mark Maurer