Dallal Realty Partners LLC Leases Office Space To NY Nonprofit At 256 West 116th Street

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.