Ilan Cohen pays $12M to Scot Fishman as vice president for property in Bedford-Stuyvesant

Ilan Cohen through the entity Throop LLC paid Scot Fishman as vice president’s Jms Realty Corp. $12.5 million for 733 Myrtle Avenue, 727 Myrtle Avenue, 725 Myrtle Avenue, 723 Myrtle Avenue, 725A Myrtle Avenue in Bedford-Stuyvesant. The deal closed on October 30, 2019, and was recorded on November 13, 2019. The transaction consists of 5 parcels, including the tax class land not zoned residential or Manhattan below 110th Street (V1). The parcel(s) have total development potential of 61,601 square feet, according to a PincusCo analysis of property records.
The average sale price per square foot is $202.

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