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New York City Human Resources Administration Renews Lease For Office Space At 25 Chapel Street In Downtown Brooklyn

Property Image
LEASED
$43

New York

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Office9,199 SF
Leased 08/16/2023
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Property Image
LEASED

New York City Human Resources Administration Renews Lease For Office Space At 25 Chapel Street In Downtown Brooklyn

25 Chapel St Brooklyn, Ny 11201, Usa

See Similar Deals
Office9,199 SF
Leased 08/16/2023

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$43
Total Square Footage:9,199 SF
Transaction Type:Lease

The New York City Human Resources Administration (HRA) has renewed a 9,199-square-foot space at 25 Chapel Street in Downtown Brooklyn for its veterans' benefits center for five years, extending through September 2027. The office space is leased from 40 Flatbush Realty Associates, represented by Joseph Jemal of ISJ Management. The asking rent for the property is $43 per square foot. Located in Downtown Brooklyn, the property is well-positioned in a bustling market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: N/A
  • Square Footage: 9,199
  • Address: 25 Chapel Street
  • Market: Downtown Brooklyn

The deal was facilitated between the New York City Human Resources Administration and 40 Flatbush Realty Associates, with the landlord's representative being Joseph Jemal from ISJ Management. The lease agreement ensures that the veterans' benefits center will continue to operate at 25 Chapel Street until September 2027. This renewal affirms the commitment of the HRA to serving the needs of veterans in the Brooklyn area, providing them with crucial resources and support.

Details

LEASED
IMAGE: Joseph Jemal DATE: 08/16/2023 ADDRESS: 25 Chapel Street MARKET: Downtown Brooklyn ASSET TYPE: Office LANDLORD: 40 Flatbush Realty Associates - Joseph Jemal - ISJ Management TENANT: New York City Human Resources Administration ASKING RENT: $43/ft ~ SF: 9,199 NOTE: The New York City Human Resources Administration (HRA) has renewed a 9,199-square-foot space at 25 Chapel Street in Downtown Brooklyn for its veterans' benefits center for five years, extending through September 2027.

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Deal Type
Effective Rent (Annual)

$453,461.77

Total Lease Value

$4,534,617.71

Net Landlord Cash Flow$453,461.77