September 13, 2018

RedSky adds 571 Fulton Street to massive DoBro development site

The Real Deal

RedSky Capital has officially added another property to its massive Fulton Street development site.

The firm has purchased 571 Fulton Street in Downtown Brooklyn from Reliance Trust Company for $14.5 million, according to TerraCRG. The company’s team of Ofer Cohen, Dan Marks, Daniel Lebor and Mike Hernandez marketed the property for the sellers.

The site is part of a Downtown Brooklyn assemblage that RedSky, led by Ben Bernstein and Ben Stokes, has spent more than $100 million and four years putting together. It includes more than a dozen buildings on Fulton Street, along with a building at 396 Flatbush Avenue Extension.