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

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.