Daily News excerpt -
New York Mets owner Fred Wilpon was almost signed by the Brooklyn
Dodgers out of high school. Now, six decades later, he’s launching a
real estate offensive on the Dodgers’ former turf.
Sterling Equities, Wilpon’s company, is set to open the sales office of
its first ground-up residential project in Brooklyn — part of a larger
effort across a borough that Dem Bums would barely recognize anymore.
Wilpon isn’t afraid to fork out the cash to build a presence in
Brooklyn, either. Sterling snapped up a 49-unit rental building earlier
this month in Williamsburg, at 76 Meserole St., for $36 million, almost
double what the building sold for just one year earlier. And the company
was a silent partner in the Love Lane Mews condo conversion in 2011.
More deals are coming, said Greg Katz, a company principal.
“We’d love to be doing deals in Manhattan, but right now we’re seeing
more opportunities in Brooklyn,” he said. “We have a handful of deals
under contract in Brooklyn and only one in Manhattan.”
The most notable project is the 32-unit condo near the Gowanus Canal on
Carroll St. The building was designed by Gluck+ using bluestone
cladding — a nod to the sidewalk granite that puts the spring in the
steps of brownstone Brooklynites.
The building will have on-site parking and vegetable plots for
residents. Residents can even pitch like a young Wilpon — albeit on the
building’s bocce court.
Pricing for the project hasn’t been released but experts said the large
four-bedroom units could cost as much as $4 million. Millie Perry of
Stribling & Associates has the exclusive.