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Court 16 Opens Flagship Tennis Club At City Point In Downtown Brooklyn

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LEASED
$60
Ariel Schuster
Jon Kamali
+ 2

New York

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Retail26,000 SF
Leased 07/01/2023
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LEASED

Court 16 Opens Flagship Tennis Club At City Point In Downtown Brooklyn

445 Albee Square W, Brooklyn, NY 11201, United States

See Similar Deals
Retail26,000 SF
Leased 07/01/2023
Ariel Schuster
Jon Kamali
+ 2
Contact now

Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:26,000 SF
Transaction Type:Lease

Court 16, the renowned tennis club, is set to open its flagship location at 445 Albee Square in City Point, Downtown Brooklyn. Spanning an impressive 26,000 square feet, this state-of-the-art venue will feature seven courts, a chic Ligne Roset lounge, and NYC's most comprehensive Babolat product line. With its modern facilities and innovative offerings, Court 16 is redefining tennis and pickleball experiences for both kids and adults.

Summary of transaction details

  • Property Type: Retail
  • Asking Rent: $60/ft
  • Square Footage: 26,000
  • Address: 445 Albee Square - City Point
  • Market: Downtown Brooklyn

The landlord, Acadia Realty Trust represented by AJ Levine, has partnered with Court 16 CEO Anthony Evrard to bring this flagship venue to life. The deal was facilitated by Ariel Schuster and Tyler King from Newmark, serving as the landlord's representatives. On the tenant's side, Jon Kamali from J3K Real Estate and Bradley Cohen from CBRE represented Court 16 in the negotiations.

Players

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

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

Ariel Schuster
Newmark
27 deals$461.2M volume
BROKER

Tyler King
Newmark
5 deals$119.1M volume
BROKER

Acadia Realty Trust
BROKERAGE


Details

LEASED
IMAGE: Jon Kamali, Bradley Cohen, Ariel Schuster & Tyler King DATE: 07/01/2023 ADDRESS: 445 Albee Square - City Point MARKET: Downtown Brooklyn ASSET TYPE: Retail LANDLORD: Acadia Realty Trust - AJ Levine TENANT: Court 16 (@court16tennis) - Anthony Evrard LANDLORD'S REP: Ariel Schuster & Tyler King (@_TylerrKing) - Newmark (@Newmark) TENANT'S REP: Jon Kamali (@TheRealJonka) - J3K Real Estate (@J3K_RE) & Bradley Cohen - CBRE (@CBRE) ASKING RENT: $60/ft ~ SF: 26,000 NOTE FROM BROKER: Fresh off the heels of their new premier club in Manhattan's Financial District at 28 Liberty, @court16tennis is making waves yet again with their flagship opening at City Point in ! šŸŽ¾ Spanning 26,000 sq.ft., this state-of-the-art venue boasts 7 courts, a chic Ligne Roset lounge, and NYC's most comprehensive @Babolat product line – redefining tennis and pickleball experiences for both kids and adults. šŸ“† Don't miss out: The Grand Opening on August 28 aligns seamlessly with the '23 US Open Tennis Tournament finals!

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Deal Type
Effective Rent (Annual)

$1,788,365.17

Total Lease Value

$17,883,651.73

Net Landlord Cash Flow$1,788,365.17