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RXR Realty Leases 14795 SF Retail Space In Brooklyn With Tenant's Rep Charter Realty & Development

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LEASED

New York

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Retail14,795 SF
Leased 08/02/2022
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Property Image
LEASED

RXR Realty Leases 14795 SF Retail Space In Brooklyn With Tenant's Rep Charter Realty & Development

487 Clermont Ave, Brooklyn, NY, 11238

See Similar Deals
Retail14,795 SF
Leased 08/02/2022
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Summary

NEW YORK
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:14,795 SF
Transaction Type:Lease

The retail property located at 487 Clermont Ave, Brooklyn, NY, 11238, boasts a spacious 14,795 square feet in the bustling market of Brooklyn. The landlord, RXR Realty, facilitated a lease transaction on 08/02/2022 for this prime retail space, with Scott Edlitz of Charter Realty & Development representing the tenant.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Tenant's Representative: Scott Edlitz (Charter Realty & Development)
  • Landlord's Representative: Madeline Naro (RXR Realty)

Madeline Naro of RXR Realty served as the landlord's representative in the deal, successfully securing a lease for the retail space at 487 Clermont Ave. Scott Edlitz, representing Charter Realty & Development, negotiated on behalf of the tenant to finalize the agreement, highlighting the collaborative effort between the key individuals and companies involved in this transaction.

Players

Madeline Naro
2 deals(212) 715-6117
BROKER


RXR Realty
LANDLORD

Details

LEASED
IMAGE: 08/02/2022 ADDRESS: 487 Clermont Ave, Brooklyn, NY, 11238 MARKET: Brooklyn ASSET TYPE: Retail TENANT'S REP: Scott Edlitz(Charter Realty & Development) LANDLORD'S REP: Madeline Naro(RXR Realty) LANDLORD: RXR Realty SQUARE FEET: 14795

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Deal Type
Effective Rent (Annual)

$848,040.47

Total Lease Value

$8,480,404.72

Net Landlord Cash Flow$848,040.47