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EXR Leases 32,830 SF Multifamily Property In Prospect Park South For $55 PSF

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LEASED
Sam Rubin
Mario M. Faggiano
+ 2

New York

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MultiFamily32,830 SF
Leased 10/04/2021
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Property Image
LEASED

EXR Leases 32,830 SF Multifamily Property In Prospect Park South For $55 PSF

1634 Church Avenue, Brooklyn, NY, USA

See Similar Deals
MultiFamily32,830 SF
Leased 10/04/2021
Sam Rubin
Mario M. Faggiano
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Total Square Footage:32,830 SF
Transaction Type:Lease

A multifamily property located at 1634 Church Avenue in Prospect Park South has been leased in a recent transaction. The asset comprises a 32,830 square foot portion of an apartment rental building. The leasing deal was facilitated by EXR, a trusted real estate company in New York City. The asking rent for the space was $55 per square foot.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Leased
  • Address: 1634 Church Avenue
  • Market: Prospect Park South

The leasing transaction was conducted by the Jay Group, the landlord of the property. The deal was brokered by a team from EXR, including John Le Vine, Mario M. Faggiano, Sam Rubin, Archibald Rowan, and Kyle Davis. EXR has a strong reputation for providing exceptional pre-development services, architectural advisory, as well as branding, marketing, and leasing services for numerous properties in New York City. In the last three months alone, EXR has successfully leased over 2,000 apartments and brought more than 500 new development units to the market.

Players

Archibald (Arch) Rowan
9 deals(415) 717-8611
BROKER

John LeVine
EXR
42 deals$50.6M volume
BROKER

Sam Rubin
EXR
5 deals$14.4M volume
BROKER

Mario M. Faggiano
EXR
4 deals
BROKER

Kyle Davis
EXR
1 deal
BROKER

LANDLORD

Details

LEASED
IMAGE: John Le Vine, Mario M. Faggiano, Sam Rubin, Archibald Rowan & Kyle Davis DATE: 10/04/2021 ADDRESS: 1634 Church Avenue MARKET: Prospect Park South ASSET TYPE: Multifamily LANDLORD: The Jay Group BROKERS: John Le Vine (@IAmJohnLevine), Mario M. Faggiano (@Mario.M.Faggiano), Sam Rubin (@Shayala_Rubin), Archibald Rowan & Kyle Davis - EXR (@EXRNY) ASKING RENT: $55/ft. ~ SF: 32,830 NOTE FROM @EXRNY: EXR leased the asset, a 32,830 Free market square foot portion of the apartment rental building, for $55 PSF. 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.

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Deal Type
Effective Rent (Annual)

$1,881,795.79

Total Lease Value

$18,817,957.89

Net Landlord Cash Flow$1,881,795.79