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PeopleShores Leases Entire Third Floor Of Office Building In Brooklyn's Bedford-Stuyvesant Neighborhood

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LEASED
$50

New York

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Office5,589 SF
Leased 06/20/2022
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Property Image
LEASED

PeopleShores Leases Entire Third Floor Of Office Building In Brooklyn's Bedford-Stuyvesant Neighborhood

1217 Bedford Avenue, Brooklyn, New York 11216, United States

See Similar Deals
Office5,589 SF
Leased 06/20/2022
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$50
Total Square Footage:5,589 SF
Transaction Type:Lease

The office property located at 1217 Bedford Ave in Brooklyn was recently leased to PeopleShores. The lease was facilitated by John Le Vine and Stephen Forino from EXR, representing the landlord Rubin Equities, and Adrienne Roberson from Douglas Elliman, representing the tenant. The lease covers the entire third floor of the building, which is situated in the Bedford-Stuyvesant neighborhood of Brooklyn.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 06/20/2022
  • Address: 1217 Bedford Ave, Brooklyn
  • Market: Brooklyn
  • Asking Rent: $50/ft.
  • Square Footage: 5,589 SF

John Le Vine and Stephen Forino from EXR represented the landlord, Rubin Equities, in the leasing process. Adrienne Roberson from Douglas Elliman represented the tenant, PeopleShores. The deal was facilitated by @IamJohnLeVine from @EXRNY, who handled the creative, branding, marketing, and leasing for Avon Hall on behalf of developer Rubin Equities.

The leased property, located in Bedford-Stuyvesant, Brooklyn, encompasses the entire third floor. The building also includes retail spaces on the ground level (fully leased), creative studios in the basement (fully leased), a mezzanine floor (fully leased), and another floor of office space (partially leased). This deal highlights the growing demand for office spaces in the area.

Players

John LeVine
42 deals$50.6M volume
BROKER

Stephen Forino
EXR
11 deals$47M volume
BROKER

Adrienne Roberson
Douglas Elliman
2 deals
BROKER

LANDLORD

Details

LEASED
IMAGE: John Le Vine & Adrienne Roberson DATE: 06/20/2022 ADDRESS: 1217 Bedford Ave. MARKET: Brooklyn ASSET TYPE: Office LANDLORD: Rubin Equities (@RubinEquities) TENANT: PeopleShores LANDLORD'S REP: John Le Vine (@IAmJohnLeVine) & Stephen Forino (@Steve4ino) - EXR (@EXRNY) TENANT'S REP: Adrienne Roberson - Douglas Elliman ASKING RENT: $50/ft. ~ SF: 5,589 NOTE FROM @EXRNY: @IamJohnLeVine from @EXRNY did the creative, branding, marketing & leasing for the property, Avon Hall (@AvonHall.NYC), for developer @RubinEquities. This office deal in Bedford-Stuyvesant, Brooklyn, is for the entire third floor of the property. There is also retail on the ground level (fully leased), creative studios in the basement (fully leased), a mezzanine floor (fully leased), and another floor of office (partially leased).

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Deal Type
Effective Rent (Annual)

$320,358.11

Total Lease Value

$3,203,581.07

Net Landlord Cash Flow$320,358.11