The family's investment vehicle, Heirs Funding, paid NewYork-based American Leisure Resorts $4.35 million or $637.83 per sffor a 6,820-sf condominium. That square-footage is roughly the sizeof two large three-bedroom, two-bath convention residences in atraditional neighborhood.
American Leisure's president Leon Cohen paid $3.1 million orabout $455 per sf for the eight-year-old asset in March 1999, agross profit of 40%.
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