Henry Elghanayan Of Rockrose Development Acquires Full Cobble Hill City Block For $100M

The asset involved in this transaction is a special purpose property located at 363 Hicks Street, 365 Hicks Street, 97 Amity Street, and 340 Henry Street in the Cobble Hill market. The contract was signed for a total sale price of $100,000,000, covering a square footage of 80,800, resulting in a price per square foot of $1,238.

Summary of transaction details:

• Property Type: Special Purpose
• Transaction Amount: $100,000,000
• Square Footage: 80,800
• Price Per Square Foot: $1,238
• Buyer: Henry Elghanayan
• Buyer's Company: Rockrose Development
• Previous Owner: Long Island College Hospital

Henry Elghanayan, representing Rockrose Development, signed the contract through 97 Amity L.L.C. to acquire the entire city block in Cobble Hill, previously owned by Long Island College Hospital, which includes properties on Hicks and Amity Streets.