"COBBLE HILL - ROCKROSE DEVELOPMENT'S Henry Elghanayan is in contract to buy a full Brooklyn city block tied to the demolished Long Island College Hospital and SUNY Downstate Health Sciences University for $100 million, a deal that requires approval from the New York State Office of the Attorney General because a nonprofit is involved, the Real Deal reports."
"The 258,000-square-foot property spans 363-365 Hicks St., 97 Amity St. and 340 Henry St., and Rockrose previously paid $65 million in 2024 for nearby 91-95 Pacific St. from Madison Realty Capital. A long-running dispute involving Fortis Property Group and the State University of New York remains in court, but the report said it is not expected to derail the sale."
Henry Elghanayan of Rockrose Development is in contract to purchase a full Brooklyn city block tied to the demolished Long Island College Hospital and SUNY Downstate Health Sciences University for $100 million. The property totals 258,000 square feet and includes 363-365 Hicks St., 97 Amity St. and 340 Henry St. Rockrose previously paid $65 million in 2024 for nearby 91-95 Pacific St. from Madison Realty Capital. The sale requires approval from the New York State Office of the Attorney General because a nonprofit is involved. A long-running dispute between Fortis Property Group and the State University of New York remains in court but is not expected to derail the sale.
Read at Brooklyn Eagle
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