Panthers’ Vincent Viola pays $35M for Brooklyn Law building

2 Pierrepont the latest law school building to be sold

TRD New York /
Sep.September 21, 2015 01:22 PM

Maybe it’s a better investment than a hockey team in South Florida?

Panthers owner Vincent Viola has scooped up a 12-story rental building from Brooklyn Law School in Brooklyn Heights for $35 million, The Real Deal has learned.

Viola, founder of Virtu Financial, closed on the 39-unit building at 2 Pierrepont Street on Sept. 10 after entering into contract in August, new property records show.

The building spans more than 40,000 square feet and houses 39 student and faculty apartments.

The law school, which paid $2.2 million for the property 30 years ago, put the building on the market earlier this summer. It has unloaded several buildings in recent years.

Last year, Jared Kushner’s Kushner Companies paid Brooklyn Law School $36.5 million for six multi-family properties at 89 Hicks Street, 18 Sidney Place, 144 Willow Street, 100 Pierrepont Street, 27 Monroe Place and 38 Monroe.

Cushman & Wakefield’s Stephen Palmese marketed the portfolio on behalf of the school.

Viola and his wife, Teresa Viola, president of invitation maker Maida Vale Designs, also own a 40-foot-wide townhouse at 12 East 69th Street. They paid $20 million for the mansion in 2005. They listed it for $114 million in 2013, later lowering the price to $98 million, before taking it off the market.

Related Articles

Clockwise from left: 56 Leonard Street, 15 Willow Street and 130 West 12th Street (Credit: Google Maps)

These are some of the most notable resi sales in NYC this week

Benchmark Real Estate Group's Aaron Feldman (left) and Jordan Vogel (right) with 25 Monroe Place in Brooklyn (Credit: LinkedIn)

Benchmark looks to sell BK Heights rental building for $70M

Midtown Equities is bringing a 20-story resi tower to Brooklyn Heights

Bentley Zhao tests market for Prospect Park South’s largest condo project

A-list couple Emily Blunt and John Krasinski snag Brooklyn Heights apartment

Brooklyn inventory balloon: Why some pockets of the borough are creating concerns

New Year’s resolution: Read The Real Deal’s January issue, now available to subscribers

Did Matt Damon just close on this record-breaking Brooklyn penthouse?