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Lifestance Health Leases Office Space At 83 Third Avenue In Downtown Brooklyn

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LEASED
Bradley "Brad" Cohen
Andre Sigourney
+ 1

New York

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Office5,500 SF
Leased 12/01/2020
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Property Image
LEASED

Lifestance Health Leases Office Space At 83 Third Avenue In Downtown Brooklyn

83 3rd Avenue, New York, NY, USA

See Similar Deals
Office5,500 SF
Leased 12/01/2020
Bradley "Brad" Cohen
Andre Sigourney
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Total Square Footage:5,500 SF
Transaction Type:Lease

Located at 83 Third Avenue in Downtown Brooklyn, this office space was recently leased in a closed transaction. The tenant, Lifestance Health, will be occupying the premises, while the landlord is Ben Atkins of Abingdon Square Partners. The asset type is an office, offering approximately 5,500 square feet of space.

Summary of transaction details

  • Property Type: Office
  • Address: 83 Third Avenue, Downtown Brooklyn
  • Market: Downtown Brooklyn

Assisting in the deal were brokers Jon Kamali, Andre Sigourney, and Brad Cohen from CBRE. The lease was signed on 12/01/2020, with an asking rent of $50 per square foot for a total of 5,500 square feet of leased space.

It is worth noting that Lifestance Health provides outpatient behavioral health services such as psychiatry, psychology, and talk therapy. They currently operate over 225 clinical offices across 18 states in the United States. Additionally, the company is actively working with CBRE to find additional locations in Upper Manhattan, Brooklyn, and Queens.

83 Third Avenue in Downtown Brooklyn still has approximately 17,000 square feet of space available, with a new building set to be delivered in 2021. No other details are available at this time.

Players

Bradley "Brad" Cohen
11 deals$134.5M volume(646) 374-8575
BROKER

Jon Kamali
J3K Real Estate
31 deals$139.3M volume
BROKER

Andre Sigourney
CBRE
3 deals$23.3M volume
BROKER

Details

LEASED
IMAGE: Brad Cohen, Jon Kamali & Andre Sigourney DATE: 12/01/2020 ADDRESS: 83 Third Avenue MARKET: Downtown Brooklyn ASSET TYPE: Office TENANT: Lifestance Health LANDLORD: Ben Atkins - Abingdon Square Partners BROKERS: Jon Kamali, Andre Sigourney, Brad Cohen - CBRE ASKING RENT: $50/ft. ~ SF: 5,500 NOTE FROM BROKER: LifeStance Health offers outpatient behavioral health services such as psychiatry, psychology, and talk therapy. The company operates over 225 clinical offices nationwide across 18 states and are actively working with CBRE seeking additional locations in Upper Manhattan, Brooklyn and Queens. 83 Third Avenue in Downtown BK has approx 17k SF remaining space available with a new building being delivered in 2021.

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Deal Type
Effective Rent (Annual)

$315,256.68

Total Lease Value

$3,152,566.81

Net Landlord Cash Flow$315,256.68