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Red Hoek &Partners Acquires Development Site On Coffey Street In Red Hook, Brooklyn For $5.2M

106-108 Coffey Street
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This Development Site property located in NY was sold for $5,200,000 over 2 years ago. The brokers of the deal were Sean R. Kelly and John Higgins

A development site in Red Hook, Brooklyn has been sold for $5,200,000. The property located at 106-108 Coffey Street offers a total of 15,675 square feet of buildable space. The buyer, Red Hoek +Partners, represented by Lee Cohen, acquired the asset from the seller, Red Hook Building Company, represented by Robert Chambers. The deal was facilitated by Sean R. Kelly and John Higgins from Ariel Property Advisors.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $5,200,000
  • Address: 106-108 Coffey Street, Red Hook, Brooklyn
  • Market: Red Hook, Brooklyn
  • Buyer: Red Hoek +Partners - Lee Cohen
  • Seller: Red Hook Building Company - Robert Chambers
  • Brokers: Sean R. Kelly & John Higgins - Ariel Property Advisors
  • Buildable Square Footage: 15,675 sq ft
  • Price per Buildable Square Foot: $331

Sean R. Kelly and John Higgins from Ariel Property Advisors played a crucial role in representing the buyer and seller respectively, ensuring the successful completion of the transaction. The development site located in Red Hook offers significant potential for future development and investment opportunities.

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Deals
  • Location
    106-108 Coffey Street, Red Hook, Brooklyn, NY, USA106-108 Coffey Street, Red Hook, Brooklyn, NY, USA
  • Sale Price
    $5,200,000$5,200,000
    $331 PPSF$331 PPSF
  • Area
    15,675 SF15,675 SF
  • Asset Type
    Development SiteDevelopment Site
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Sean R. Kelly

Sean R. Kelly

Deals32
Sold$239.8M

Agency

Ariel Property Advisors

Ariel Property Advisors

Agency
Deals456
Volume$7B

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Deal Summary

SALE IMAGE: Sean R. Kelly, John Higgins & Lee Cohen DATE: 11/04/2021 ADDRESS: 106-108 Coffey Street MARKET: Red Hook, Brooklyn ASSET TYPE: Development Site 🏗 BUYER: Red Hoek (@redhoek) +Partners - Lee Cohen (@theleecohen) SELLER: Red Hook Building Company - Robert Chambers BROKERS: Sean R. Kelly & John Higgins - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $5,200,000 BSF: 15,675 ~ PPBSF: $331

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106-108 Coffey Street

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