CPEX Real Estate Leases 5000 Square Feet At 1 Brooklyn Bridge Park With Tenant's Rep Hal Lerhman
LEASED
$50
New York
See Similar DealsOffice5,000 SF
Leased 05/11/2020
LEASED
CPEX Real Estate Leases 5000 Square Feet At 1 Brooklyn Bridge Park With Tenant's Rep Hal Lerhman
1 Brooklyn Bridge Park, Brooklyn, NY
See Similar DealsOffice5,000 SF
Leased 05/11/2020
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$50
Total Square Footage:5,000 SF
Transaction Type:Lease
The property involved in this transaction is located at 1 Brooklyn Bridge Park, Brooklyn, NY. The rental rate is set at $50 per square foot, and the total space available is 5,000 square feet within the Brooklyn market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1 Brooklyn Bridge Park, Brooklyn, NY
- Market: Brooklyn
- Tenant's Representative: Hal Lerhman
- Landlord's Representative: Keat Chew - Kinetic Real Estate Group
- Tenant: Not specified
- Landlord: CPEX Real Estate
- Rent/SF: $50
- Square Feet: 5,000
Key individuals representing both parties in the lease were Hal Lerhman, who acted on behalf of the tenant, and Keat Chew from Kinetic Real Estate Group, representing the landlord, CPEX Real Estate, throughout the transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$286,596.98
Total Lease Value
$2,865,969.83
Net Landlord Cash Flow$286,596.98
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