The property asset involved in the transaction is an office space located at 256 West 116th Street, South Harlem, Manhattan. The asking rent for the asset is set at $60 per square foot, with a total area of 2,500 square feet. The lease type is a Modified Gross Lease, and the lease term is categorized as long term.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $60/ft
• Lease Term: Long term
• Lease Type: Modified Gross Lease
• Landlord: Dallal Realty Partners LLC - Zachary Crane & Family
• Tenant: NY Nonprofit
• Landlord's Representative: Ravi Idnani - Newmark
• Tenant's Representative: Jason Neman - LSL Advisors

This transaction involves significant contributions from key individuals and companies. The landlord, Dallal Realty Partners LLC, is represented by Ravi Idnani of Newmark, while the tenant, a NY Nonprofit organization, is represented by Jason Neman from LSL Advisors. The transaction highlights collaboration among experienced professionals in the real estate sector.