Lee Cohen borrows $19M from S3 Capital for new construction in Red Hook

Lee Cohen through the entity DDG Conover Owner, LLC as borrower signed a loan agreement with lender S3 Capital valued at $19.3 million for 9 parcels, including the tax class land zoned residential, except not Manhattan below 110th Street (V0) and containing 4 residential units at 191 Conover Street, and others in Red Hook. The deal closed on December 16, 2019 and was recorded on December 26, 2019.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link