Sport-O-Rama Building Being Bought In Cash Deal
A Rockland developer known for snapping up homes and empty land to convert to multi-family housing is buying the building leased to Sport-O-Rama in Monsey, according to inside sources.
Rockland resident Berel Karniol is purchasing the building for $18 million in cash, sources say. The complex on 18-20 College Road, which has been a fixture in the county for nearly 50 years, sits on nearly 11 acres of land.
โThe deal is all cash, subject to nothing,โ a source said.
Sport-O-Rama management says their operations will continue as usual.
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