Billionaire Charles Cohen's White Plains Office Campus Faces $66 Million Foreclosure Suit
Lenders continue legal attack on Charles Cohen's properties, this time in Westchester.
Billionaire real estate mogul Charles Cohen is facing yet another legal battle, this time in Westchester County. According to court records, Cohen's office campus at 333 Westchester Avenue in White Plains has been hit with a foreclosure case, with the lender seeking to recoup $66 million.
The reason for this latest lawsuit? Cohen's signature on a guaranty agreement connected to the loan. It seems that lenders are not taking any chances when it comes to the billionaire's properties.
Cohen Brothers Realty Corp. purchased the White Plains property in 1998 for $25 million, as reported by The New York Times. However, in 2004, an entity linked to Cohen's company took out a whopping $77 million in loans for the same property.
Despite his limited involvement in the company, Cohen's reputation as a billionaire real estate tycoon has made him a target in the legal world. This is not the first time his properties have faced foreclosure suits, and it likely won't be the last.
As the legal battle unfolds, it's clear that lenders are not backing down when it comes to Cohen's properties. It remains to be seen how this case will play out in court, but one thing is for sure - this is just another day in the life of a billionaire developer.
https://therealdeal.com/new-york/tristate/2025/09/18/charles-cohens-white-plains-offices-face-foreclosure-suit/