Lee Cohen Acquires Bay Harbor Islands Development Site For $2.2M

A development site located at 1055 93rd St in Bay Harbor Islands has been sold in a recent transaction. The property was purchased by Lee Cohen, represented by RedHoek+Partners, for a total sale price of $2,226,000. The site has a building square footage (BSF) of 29,000 and a price per BSF of $77. The total square footage (SF) of the property is 11,250, with a price per SF of $198.

Summary of Transaction Details:

• Property Type: Development Site
• Transaction Amount: $2,226,000
• Buyer: Lee Cohen - RedHoek+Partners
• Seller: Marc Ma
• Brokers: Joel Lusky & Zalmy Shapiro - The Brokerage
• Address: 1055 93rd St, Bay Harbor Islands
• Market: Bay Harbor Islands
• BSF: 29,000
• PPBSF: $77
• SF: 11,250
• PPSF: $198

The deal was facilitated by Joel Lusky and Zalmy Shapiro from The Brokerage, who represented both the buyer and the seller in the transaction. The sale of this development site marks a significant transaction in the Bay Harbor Islands market, showcasing the continuous growth and investment opportunities in the area.