Henry Elghanayan Of Rockrose Development Acquires Development Site In Cobble Hill For $100M

The transaction involved a development site located at 340 Henry Street in Cobble Hill, Brooklyn. The property was sold for $100,000,000, encompassing a total of 258,000 square feet, resulting in a price per square foot of $388.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $100,000,000
• Buyer: Henry Elghanayan - Rockrose Development
• Seller: SUNY Downstate Health Sciences University
• Building Square Footage: 258,000
• Price per Building Square Foot: $388

Rockrose Development, through 97 Amity L.L.C., acquired the property from SUNY Downstate Health Sciences University, through Downstate At LICH Holding Company, Inc.