127-Seat Pre-K to Open in Entire East New York Building
By Liam La Guerre June 8, 2016 6:35 pm
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The Friends of Crown Heights Educational Services has inked a lease for the entire 23,700-square-foot 374 Pine Street in the East New York section of Brooklyn for an additional location.
Commercial Observer has learned the organization will run a 127-seat pre-kindergarten for kids ages 2 through 5 in the three-story building between Glenmore and Pitkin Avenues, which has an alternate address of 1040 Glenmore Avenue. The nonprofit is hoping to open the school by Aug. 1.
Asking rent in the 10-year deal was $24 per square foot, according to M.C. O’Brien’s William O’Brien, who represented landlord and property manager SR Nager Management alongside colleague Karen Cohen.
The building’s “existing infrastructure was perfect for them as they are in the same business as the previous tenant, daycare provider [Pine Street Daycare],” O’Brien said via email.
The school will offer subsidized universal pre-K classes for local residents, administered under the New York City Department of Education. The building will have classrooms, a commercial-grade kitchen, an elevator and a 5,800-square-foot enclosed rooftop play area. The Friends of Crown Heights currently operates 20 full-service centers in Brooklyn, Manhattan and Staten Island.
“FOCH is a vital community resource, and with universal pre-K on parents’ minds, this facility at 374 Pine Street will allow the children of East New York’s residents to benefit from one of the most highly regarded and trusted educational organizations in New York City,” Cushman & Wakefield’s Carri Lyon, who represented the tenant with colleague Mitzi Flexer, said in a prepared statement.
