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Aurora Energy Advisors Leases 5700 SF MultiFamily Space At 3848 Nostrand Ave, Brooklyn

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LEASED

New York

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MultiFamily5,700 SF
Leased 07/12/2016
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LEASED

Aurora Energy Advisors Leases 5700 SF MultiFamily Space At 3848 Nostrand Ave, Brooklyn

3848 Nostrand Ave, Brooklyn, NY, 112...

See Similar Deals
MultiFamily5,700 SF
Leased 07/12/2016
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:5,700 SF
Transaction Type:Lease

Located at 3848 Nostrand Ave in Sheepshead Bay, Brooklyn, NY, this MultiFamily property spans 5,700 square feet. The lease was signed by Aurora Energy Advisors, with CPEX Real Estate's Richard Novak and Rosanna Tapang representing the landlord, Acadia Realty Trust, while Integrity Real Estate Partners' David West served as the tenant's representative.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: Not provided
  • Address: 3848 Nostrand Ave, Brooklyn, NY, 112...
  • Market: Brooklyn
  • Tenant's Rep: David West (Integrity Real Estate Partners)
  • Landlord's Rep: Richard Novak (Cushman & Wakefield), Rosanna Tapang (Red Stone Partners)
  • Tenant: Aurora Energy Advisors
  • Landlord: Acadia Realty Trust
  • Square Feet: 5700

A notable aspect of this transaction was the representation of both the landlord and the tenant. Aurora Energy Advisors, a tenant in the deal, was represented by David West from Integrity Real Estate Partners. On the other side, the landlord, Acadia Realty Trust, was represented by Richard Novak from CPEX Real Estate, along with Rosanna Tapang from Red Stone Partners, showcasing the collaboration between key individuals and companies in finalizing the lease agreement.

Players

David West
1 deal(516) 659-8642
BROKER



Acadia Realty Trust
BROKERAGE

Details

LEASED
IMAGE: 07/12/2016 ADDRESS: 3848 Nostrand Ave, Brooklyn, NY, 112... MARKET: Brooklyn ASSET TYPE: MultiFamily TENANT'S REP: David West(Integrity Real Estate Partners) LANDLORD'S REP: Richard Novak(Cushman & Wakefield), Rosanna Tapang(Red Stone Partners) TENANT: Aurora Energy Advisors LANDLORD: Acadia Realty Trust SQUARE FEET: 5700

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Deal Type
Effective Rent (Annual)

$326,720.56

Total Lease Value

$3,267,205.60

Net Landlord Cash Flow$326,720.56