NY Post
Yankee legend Alex Rodriguez is continuing his apartment buying spree in New York City — just not with Barbara Corcoran.
Earlier this month, The Post exclusively reported that the retired third baseman had teamed up with the “Shark Tank” judge to buy a 21-unit rental building in the East Village — the first of what was billed by Corcoran as an ongoing partnership to buy multifamily buildings across the city.
Since then, however, the slugger’s A-Rod Corp. has teamed up with real estate investor and operator
Ofer Yardeni of Stonehenge NYC and brokerage guru Adam Modlin of the Modlin Group in what they say is an exclusive as-yet-to-be-named venture to root out and purchase all sizes of apartment buildings and bulk condominium units in the Big Apple.
Corcoran says she and Rodriguez have already discussed his new venture — and that she’s fine with the pivot.
“They buy big stuff, and I’m a private investor and find scrappy stuff,” Corcoran explained.
As to whether or not Rodriguez continues to invest with her, she adds, “I hope so, because he’s a great partner.”
A-Rod also suggested he made the switch because he wanted to go bigger.
“I have always had the ambition of owning rental apartments in New York,” Rodriguez said in a statement.
“Over the years opportunities arose to do so — however, I was hesitant until I could team up with a local partner in New York with a proven track record for managing through the highly regulated environment,” the former Yankee said.
“After several one-on-one meetings with Ofer Yardeni … I concluded that Stonehenge NYC was the perfect partner for me,” Rodriguez said.
What is this "big stuff" and "scrappy stuff" Miss Corcoran is referring to? Kind of juvenile descriptions for properties worth 7, 8 and even 9 digits.