The property asset involved in this transaction is a retail space located at 39 West 14th Street, situated in the Union Square market. The asking rent for the property is set at $125 per square foot, with the total square footage measuring 1,750. This transaction involves a modified gross lease arrangement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $125/ft
• Square Footage: 1,750
• Address: 39 West 14th Street
• Market: Union Square
• Landlord: Jack Cohen - COMJEM Associates
• Tenant: Amy Ruth's Restaurant
• Landlord's Representative: Young Kim - Newmark
• Tenant's Representatives: David Berke & Aric Trakhtenberg - Newmark
• Lease Type: Modified Gross Lease

This transaction features significant representation by professionals in the real estate sector, with Young Kim representing the landlord and David Berke along with Aric Trakhtenberg representing the tenant. Notably, Harlem’s renowned Soul Food Restaurant, Amy Ruth’s, has secured a long-term leasing agreement for this location.