The property involved in this lease transaction is an office space located at 347 5th Avenue in Manhattan. The asking rent for this space is $40 per square foot, and it encompasses an area of 3,025 square feet.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $121,000
• Address: 347 5th Avenue
• Market: Manhattan
• Landlord: Regency Enterprises
• Tenant: Lynne Mancinelli
• Brokers: Beckett Hakimi - Avenue Realty Advisors & Hiro Iwata - Okada & Company
• Asking Rent: $40/ft
• Square Footage: 3,025

Key individuals in this transaction include the landlord, Regency Enterprises, and the tenant, Lynne Mancinelli. The brokerage was represented by Beckett Hakimi from Avenue Realty Advisors and Hiro Iwata from Okada & Company. A note from the brokers emphasizes their readiness to assist owners looking to lease vacant commercial spaces as well as tenants seeking new or additional commercial spaces.