Cloud N Leases Mixed-Use Space At 9 Avenue B With Landlord Steven Croman For 10 Years

The property asset involved in this transaction is a mixed-use space located at 9 Avenue B in the Lower East Side market. The landlord, Steven Croman, leased the space to tenant Cloud N for a total asking rent of $120 per square foot, with a lease term of 10 years under a modified gross lease agreement. The total square footage of the space is 1,200 square feet.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $120/ft
• Square Footage: 1,200
• Address: 9 Avenue B
• Market: Lower East Side
• Landlord: Steven Croman
• Tenant: Cloud N
• Landlord's Representative: Jack Sash Basora, Joshua Azizian & Cailen Shah - Tahari Realty
• Lease Term: 10 years
• Lease Type: Modified Gross Lease

The deal was facilitated by representatives from Tahari Realty, including Jack Sash Basora, Joshua Azizian, and Cailen Shah. This leasing transaction marks the introduction of Cloud N's first U.S. location, which is noted for its unique animal-interaction café concept that has gained popularity in Japan.