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EXR Leases 19,072 SF Multifamily Building In Crown Heights, Brooklyn

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LEASED
Sam Rubin
Mario M. Faggiano
John LeVine
+ 2

New York

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MultiFamily19,072 SF
Leased 07/01/2020
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Property Image
LEASED

EXR Leases 19,072 SF Multifamily Building In Crown Heights, Brooklyn

1515 Park Place, Crown Heights, Brooklyn, NY, USA

See Similar Deals
MultiFamily19,072 SF
Leased 07/01/2020
Sam Rubin
Mario M. Faggiano
John LeVine
+ 2
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Total Square Footage:19,072 SF
Transaction Type:Lease

The 19,072 square foot free-market portion of 1515 Park Place in Crown Heights, Brooklyn has been leased by JIH Builders. The multifamily property was leased for a blended rent of $47 per square foot. The transaction was completed in just 56 days.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $47/ft. (Blended)
  • Address: 1515 Park Place
  • Market: Crown Heights, Brooklyn

The deal was facilitated by EXR, with brokers John Le Vine, Mario M. Faggiano, Sam Rubin, Archibald Rowan, and David Quigua representing both the landlord, JIH Builders, and the tenant. EXR is a trusted source for pre-development services, new development services, and re-leasing in the New York City market. In the past three months alone, they have leased over 2,000 apartments and brought over 500 new development units to market.

For more information about EXR's pre-development and brokerage services, you can contact them at the following numbers: Pre & New Development Services - 718-690-7868, Commercial Brokerage - 718-865-3127, and Rental Brokerage - 718-568-8353.

Players

Archibald (Arch) Rowan
EXR
Archibald Rowan
9 deals(415) 717-8611
BROKER
David Quigua
EXR
David Quigua
14 deals$3.6M volume
BROKER
John LeVine
EXR
John LeVine
42 deals$50.6M volume
BROKER
Sam Rubin
EXR
Sam Rubin
5 deals$14.4M volume
BROKER
Mario M. Faggiano
EXR
Mario M. Faggiano
4 deals
BROKER
JB
JIH Builders
LANDLORD

Details

LEASED
IMAGE: Arch Rowan, Mario M. Faggiano, John Le Vine, Sam Rubin & David Quigua DATE: 07/2021 ADDRESS: 1515 Park Place MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily LANDLORD: JIH Builders BROKERS: John Le Vine (@IAmJohnLeVine), Mario M. Faggiano (@Mario.M.Faggiano), Sam Rubin (@Shayala_Rubin), Archibald Rowan & David Quigua (@Keygua) - EXR (@EXRNY) ASKING RENT: $47/ft. (Blended) ~ SF: 19,072 NOTE FROM @EXRNY: EXR leased the 19,072 SF free-market portion of the apartment rental building, for a blended $47 PSF, in just 56 Days. Landlords rely on @EXRNY (EXR) to provide first-class pre-development services including architectural advisory, pricing, & market analyses; new development services including branding & creative, marketing, & leasing; & re-leasing, for thousands of properties across New York City. In the past three months, @EXRNY has leased over 2,000 apartments & brought over 500 new development units to market. PRE & NEW DEVELOPMENT SERVICES šŸ“± 718-690-7868 COMMERCIAL BROKERAGE šŸ“± 718-865-3127 RENTAL BROKERAGE šŸ“± 718-568-8353

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Deal Type
Effective Rent (Annual)

$1,093,195.53

Total Lease Value

$10,931,955.31

Net Landlord Cash Flow$1,093,195.53