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Urban View Leases Retail Space In Bushwick To The Learning Factory On Evergreen St

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LEASED

New York

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Retail8,500 SF
Leased 05/04/2022
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Property Image
LEASED

Urban View Leases Retail Space In Bushwick To The Learning Factory On Evergreen St

499 Evergreen Avenue, Brooklyn, New York 11221, United States

See Similar Deals
Retail8,500 SF
Leased 05/04/2022
Contact now

Summary

NEW YORK
Asset Type:Retail
Total Square Footage:8,500 SF
Transaction Type:Lease

A retail property located at 499-503 Evergreen in Bushwick has been leased. The property, totaling 8,500 square feet, was leased to The Learning Factory. The lease was facilitated by Joseph DiPiazza, John Le Vine, and Stephen Forino of EXR. The asking rent for the space was $34 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Address: 499-503 Evergreen, Bushwick
  • Tenant: The Learning Factory
  • Broker: Joseph DiPiazza, John Le Vine, and Stephen Forino - EXR
  • Asking Rent: $34/ft.
  • Size: 8,500 SF

The lease deal was successfully negotiated by Joseph DiPiazza, John Le Vine, and Stephen Forino of EXR. They represented the landlord, Urban View, in the transaction. The lease agreement provides exceptional value to all stakeholders, including the community.

Players

Joseph DiPiazza
36 deals$50.6M volume(718) 705-4150
BROKER

John LeVine
EXR
42 deals$50.6M volume
BROKER

Stephen Forino
EXR
11 deals$47M volume
BROKER

LANDLORD

Details

LEASED
IMAGE: Stephen Forino, Joseph DiPiazza & John Le Vine DATE: 05/04/2022 ADDRESS: 499-503 Evergreen MARKET: Bushwick ASSET TYPE: Retail LANDLORD: Urban View - Bobby Mitcheli TENANT: The Learning Factory BROKERS: Joseph DiPiazza, Director (@JosephDiPiazza), John Le Vine & Stephen Forino - EXR (@EXRNY) ASKING RENT: $34/ft. ~ SF: 8,500 NOTE FROM @EXRNY: @EXRNY strikes again with another retail deal for its exclusive client, Urban View. Led by its intrepid captains of commercial real estate John Le Vine and Joseph DiPiazza, 8,500 SF has left to the promised land of occupancy at heart-warming PPSF numbers that deliver exceptional value to all stakeholders and most importantly, the community. Huzzah!

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Deal Type
Effective Rent (Annual)

$487,214.87

Total Lease Value

$4,872,148.71

Net Landlord Cash Flow$487,214.87