The property asset involved in this transaction is an office located at 119 West 57th Street within the Billionaires Row market. The leased space encompasses 3,350 square feet, with an asking rent of $59 per square foot. The lease type is a modified gross lease. The building is currently undergoing a comprehensive high-end renovation, aiming to modernize common areas, building systems, and the arrival experience, all in alignment with its prime location near Central Park.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $59/ft
• Square Footage: 3,350
• Address: 119 West 57th Street
• Market: Billionaires Row
• Landlord: Zar Property NY
• Tenant: Finlay & Gage
• Landlord's Rep: Yoni Bettinger - Zar Property NY
• Tenant's Rep: Nathalie Wang - The Corcoran Group
• Lease Type: Modified Gross Lease

The key individuals involved in this transaction include Yoni Bettinger representing Zar Property NY for the landlord and Nathalie Wang from The Corcoran Group representing Finlay & Gage as the tenant. This lease marks the 11th agreement signed by the ownership.