Rockrose Development Acquires Development Site From SUNY Downstate Health Sciences University For $100M

The development site located at 97 Amity Street in the Cobble Hill market was sold for a transaction amount of $100,000,000. The asset encompasses 426,308 square feet and the price per square foot stands at $234.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $100,000,000
• Address: 97 Amity Street
• Market: Cobble Hill
• Buyer: Rockrose Development
• Seller: SUNY Downstate Health Sciences University
• Brokerage: Newmark
• Brokers involved: Daniel O'Brien, Jimmy Kuhn, Robert Ferman, Loren Valla, Caroline Hodes, Adam Spies, Bill Lee
• Sale Date: 2/13/2026
• Square Footage: 426,308
• Price Per Square Foot: $234

The transaction was facilitated by a prominent team of brokers from Newmark, highlighting the collaborative effort behind this significant deal. Each broker played a vital role in navigating the complexities of the transaction, representing the buyer, Rockrose Development, and the seller, SUNY Downstate Health Sciences University.