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Brokerage
Posted: May 26, 2015
Levitan and Steinberg of Lee NYC broker retail lease at 857 Union St.
Lee & Associates NYC LLC (Lee NYC) senior managing director/principal Peter Levitan and managing director/principal Garry Steinberg set a new record in Park Slope with a retail lease of $180 per s/f at 857 Union St. The tenant, Warren Lewis Sotheby's International Realty, specializes in Brooklyn residential real estate and will relocate from 123A Seventh Ave. in the second quarter of this year. The space, which formerly housed a pharmacy, comprises 1,050 s/f on the ground floor and 1,050 s/f in the basement.
"With this transaction, the landlord gains an established, successful local business at almost double the average neighborhood rent," said Levitan. "Moreover, with this new location on Park Slope's most trafficked corridor, the tenant gains greater exposure and more convenient access for customers."
Levitan and Steinberg represented the landlord, DB & L 859 Realty LLC. Jeffrey Kessler of Warren Lewis Sotheby's represented the tenant.
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