Cohen Brothers Realty has no heir apparent

None of Charles Cohen's four kids work at the family business: "dynasty of one"

TRD New York /
Apr.April 28, 2014 11:50 AM

Although Cohen Brothers Realty Corporation CEO Charles Cohen has no plans to retire in the near future, the family-run New York-based business has no heir apparent.

Cohen has four children – the eldest age 29 – and none have yet to be involved in the family business. He said he expects that the management team of employees who are not members of the family would hypothetically be up to the task of continuing operations after he retires. The 62-year-old does not intend to step down for many more years. One of his sons, a 25-year-old, is currently studying real estate law at Fordham University’s law school. The firm owns 3 Park Avenue, 750 Lexington AvenueAnd 622 Third Avenue, among other buildings.

“I’m a dynasty of one,” Cohen told the Wall Street Journal, adding that “Cohen Brothers is a big business and I believe it should be continued.”

Co-founder Sherman Cohen died last year at the age of 91, as previously reported.  [WSJ]Mark Maurer

Related Articles


National Cheat Sheet: Trump names new FHFA head, Cohen gets 3 years in prison, Sears shops stores … & more

Developer Charles Cohen cuts deal to buy Landmark Theatres

And the Oscar goes to: Films produced by real estate developer Charles Cohen?

Scorsese’s production company to move to 750 Lex

Charles Cohen signs high-end shoe shop Harrys of London to 1,100 sf at 465 Park Ave

Cohen Brothers pulls off $85M refi of Midtown office tower

WeWork snaps up additional 40K sf at 135 East 57th St.

Charles Cohen on why he has no interest in building ground-up in New York