Lee Cohen Acquires Development Site In Red Hook, Brooklyn

Lee Cohen has purchased a development site in Red Hook, Brooklyn. The property, located at 348 Van Brunt, was sold on September 29, 2020. The asset, which spans 5,350 square feet, was listed with an asking price of $1,400,000. However, Cohen secured the property with a purchase price of $750,000, resulting in a price per buildable square foot (PPBSF) of $140. The transaction was facilitated by Peter Matheos of Terra, who represented Cohen as the buyer's broker.

Summary of transaction details:

• Property Type: Development Site
• Date: 09/29/2020
• Address: 348 Van Brunt, Red Hook, Brooklyn
• Market: Red Hook, Brooklyn
• Buyer: Lee Cohen
• Broker: Peter Matheos - Terra
• Asking Price: $1,400,000
• Sale Price: $750,000
• BSF: 5,350
• PPBSF: $140

Lee Cohen, known as @TheLeeCohen on Instagram, is a buyer based in Red Hook, Brooklyn. Cohen successfully acquired the development site at 348 Van Brunt for $750,000. The deal was facilitated by Peter Matheos of Terra, who represented Cohen as his broker. This transaction presents a significant opportunity for Cohen to develop the site and contribute to the growth and development of the Red Hook neighborhood.