Penn South Capital Leases Mixed-Use Property At 101 Stanton Street To P. Principle For $150/ft

The property involved in this transaction is a mixed-use asset located at 101 Stanton Street in the Lower East Side. The asking rent for the 1,800 square feet space is set at $150 per foot, under a modified gross lease agreement.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $150/ft
• Address: 101 Stanton Street
• Market: Lower East Side
• Lease Type: Modified Gross Lease
• Landlord: Penn South Capital
• Tenant: P. Principle
• Landlord's Representative: Andrew Stern, Ravi Idnani & Julia Singer - Newmark
• Tenant's Representative: Treena Lombardo - Isaacs & Company
• Square Footage: 1,800

The deal involved key representatives from both sides, with the landlord being represented by Andrew Stern, Ravi Idnani, and Julia Singer from Newmark, while Treena Lombardo from Isaacs & Company represented the tenant. This collaboration facilitated the leasing agreement in the Lower East Side market.