The property involved in this transaction is a multifamily asset located at 164 Stanton Street in the Lower East Side market. The asking rent was set at $75 per square foot for a total area of 1,200 square feet. The lease type for this property is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $75/ft
• Square Footage: 1,200
• Address: 164 Stanton Street
• Market: Lower East Side
• Landlord: Simon Fouladian
• Tenant: Y Nails
• Broker Representatives: Isaac Abed & Chandler Slate - Tri State Commercial Realty

The deal was facilitated by the brokers Isaac Abed and Chandler Slate, who represented the landlord Simon Fouladian and the tenant Y Nails in this transaction. Their role was crucial in ensuring the terms of the lease agreement were negotiated effectively.