Brooklyn Law School has sold 2 Pierrepont St. in Brooklyn Heights for $35 million. The 12-story, more than 40,000-square-foot building serves as a rental-housing facility for students and faculty. The property was acquired by Vincent Viola, the owner of the Florida Panthers National Hockey Team and executive chairman of New York City-based Virtu Financial, an electronic financial markets company.
“As an independent institution one of our strengths is the ability to respond nimbly to positive market forces,” said Nicholas Allard, president and dean of the school, in a statement. The Brooklyn Law School board of trustees had been “carefully studying” the potential sale of the building for “quite some time” and determined it was the “opportune time to sell….given the current hot real estate market in the Heights.” The school sold a half-a-dozen properties to the Kushner Companies in 2014.
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