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EXR Leases 21,940 SF Multifamily Building In Crown Heights, Brooklyn

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LEASED
Sam Rubin
Mario M. Faggiano
+ 2

New York

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MultiFamily21,940 SF
Leased 06/15/2020
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Property Image
LEASED

EXR Leases 21,940 SF Multifamily Building In Crown Heights, Brooklyn

800 Empire Boulevard, Brooklyn, NY 11213

See Similar Deals
MultiFamily21,940 SF
Leased 06/15/2020
Sam Rubin
Mario M. Faggiano
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Total Square Footage:21,940 SF
Transaction Type:Lease

An apartment rental building located at 800 Empire Boulevard in the Crown Heights neighborhood of Brooklyn has been leased by Platine Property Management. The multifamily property spans a total of 21,940 square feet. The lease was secured by EXR, a leading real estate firm in New York City. The asking rent for the property was $54 per square foot, resulting in a blended rental rate.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Date: 06/15/2021
  • Address: 800 Empire Boulevard
  • Market: Crown Heights, Brooklyn
  • Landlord: Platine Property Management
  • Brokers: John Le Vine, Sam Rubin, Mario M. Faggiano, Arch Rowan, and Yosef Friedman from EXR
  • Asking Rent: $54/ft. (Blended)
  • Square Footage: 21,940

EXR, known for providing exceptional pre-development services, architectural advisory, pricing, market analyses, branding, creative marketing, and leasing expertise, successfully leased this property. In the past three months alone, EXR has leased over 2,000 apartments and introduced 500 new development units to the market. For pre and new development services, EXR can be reached at 718-690-7868. Commercial brokerage inquiries can be directed to 718-865-3127, and rental brokerage inquiries should contact 718-568-8353.

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

Yosef Friedman
EXR
1 deal
BROKER

Details

LEASED
IMAGE: Arch Rowan, John Le Vine, Mario M. Faggiano, Sam Rubin & Yosef Friedman DATE: 06/15/2021 ADDRESS: 800 Empire Boulevard MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily LANDLORD: Platine Property Management BROKERS: John Le Vine (@IAmJohnLevine), Sam Rubin (@Shayala_Rubin), Mario M. Faggiano (@Mario.M.Faggiano), Arch Rowan & Yosef Friedman (@YFriedmanNYC) - EXR (@EXRNY) ASKING RENT: $54/ft. (Blended) ~ SF: 21,940 NOTE FROM @EXRNY: EXR leased the asset, a 21,940 square foot apartment rental building, for $54/ft. 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 - 📱 718-690-7868 COMMERCIAL BROKERAGE - 📱 718-865-3127 RENTAL BROKERAGE - 📱 718-568-8353

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Deal Type
Effective Rent (Annual)

$1,257,587.56

Total Lease Value

$12,575,875.60

Net Landlord Cash Flow$1,257,587.56