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A3 Productions Leases Mixed-Use Space At 640 Parkside Avenue & 1877 Webster Avenue In Prospect Lefferts Gardens & Mount Hope

Property Image
LEASED
Michael "Mike" Gilbert
Chandler Slate
+ 1

New York

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Mixed-use9,200 SF
Leased 07/27/2021
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Property Image
LEASED

A3 Productions Leases Mixed-Use Space At 640 Parkside Avenue & 1877 Webster Avenue In Prospect Lefferts Gardens & Mount Hope

640 Parkside Avenue, Little Caribbean, Brooklyn, NY, USA

See Similar Deals
Mixed-use9,200 SF
Leased 07/27/2021
Michael "Mike" Gilbert
Chandler Slate
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Total Square Footage:9,200 SF
Transaction Type:Lease

The mixed-use property located at 640 Parkside Avenue & 1877 Webster Avenue in Prospect Lefferts Gardens & Mount Hope has been leased. The tenant, A3 Productions, has signed a 10-year lease agreement with the landlord, Empire Trust. The leasing transaction was facilitated by brokers Avi Akiva, Chandler Slate, and Rafael Neiman from Tri State Commercial Realty, as well as Mike Gilbert from Gilco Realty. The property spans approximately 9,200 square feet, and the asking rent was $38 per square foot.

Summary of transaction details:

The leasing transaction involving the mixed-use property at 640 Parkside Avenue & 1877 Webster Avenue was successfully executed, with A3 Productions securing a 10-year lease agreement. The brokers involved in the deal, Avi Akiva, Chandler Slate, Rafael Neiman, and Mike Gilbert, played crucial roles in facilitating the transaction. This lease provides A3 Productions with a prime location in Prospect Lefferts Gardens & Mount Hope, allowing them to expand their operations and serve their clients effectively.

Players

Chandler Slate
33 deals$10.7M volume
BROKER

Rafael Neiman
Tri State Commercial Realty
2 deals
BROKER

Michael "Mike" Gilbert
9 deals$33.5M volume
BROKER

Avi Akiva
Momentum Realty Group
40 deals$18M volume(212) 314-4684
BROKER

TENANT

Details

LEASED
IMAGE: Mike Gilbert, Avi Akiva, Chandler Slate & Rafael Neiman DATE: 07/27/2021 ADDRESS: 640 Parkside Avenue & 1877 Webster Avenue MARKET: Prospect Lefferts Gardens & Mount Hope ASSET TYPE: Mixed-use TENANT: A3 Productions LANDLORD: Empire Trust BROKERS: Avi Akiva, Chandler Slate & Rafael Neiman - Tri State Commercial Realty; Mike Gilbert - Gilco Realty ASKING RENT: $38/ft. ~ SF: 9,200 LEASE TERM: 10-year

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Deal Type
Effective Rent (Annual)

$527,338.45

Total Lease Value

$5,273,384.48

Net Landlord Cash Flow$527,338.45