Lee & Associates NYC principals Peter Levitan and Garry Steinberg set a new record in Park Slope with a retail lease of $180 psf at 857 Union Street.
The tenant, Warren Lewis Sotheby’s International Realty, specializes in Brooklyn residential real estate and will relocate from 123A Seventh Avenue in the second quarter of 2015.
The space, which formerly housed a pharmacy, comprises 1,050 s/f on the ground floor and 1,050 square feet 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. Jeffrey Kessler of Warren Lewis Sotheby’s represented the tenant.