The asset involved in this transaction is a multifamily property located at 248 Mott Street in the Nolita market. The tenant, KOI Nolita, entered into a lease agreement under a modified gross lease at an asking rent of $250 per square foot for a total area of 450 square feet.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $112,500
• Address: 248 Mott Street
• Market: Nolita
• Landlord: Steven Croman
• Landlord's Representative: Ben Biberaj & Elliot Wygoda - Meridian Capital Group
• Tenant: KOI Nolita
• Tenant's Representative: Abraham Smouha - RJBRE
• Lease Type: Modified Gross Lease
• Asking Rent: $250/ft
• Square Footage: 450

This transaction features key individuals including the landlord, Steven Croman, and the tenant, KOI Nolita, who were represented respectively by Ben Biberaj and Elliot Wygoda from Meridian Capital Group, along with Abraham Smouha from RJBRE representing the tenant. The collaboration of these professionals played a significant role in facilitating the lease agreement.