The Moinian Group Leases Office Space To Instant At 53-55 West 21st Street For Five Years

The property involved in this lease transaction is an office asset located at 53-55 West 21st Street in the Flatiron market of Manhattan. The office spans 5,000 square feet and is offered at an asking rent of $60 per square foot. The lease term is set for 5 years under a modified gross lease structure.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $300,000
• Landlord: The Moinian Group
• Tenant: Instant
• Tenant's Representative: Nicholas Hein - Nomad Group
• Asking Rent: $60/ft
• Lease Term: 5 Years
• Lease Type: Modified Gross Lease

Key individuals involved in this transaction include Nicholas Hein, who represented the tenant, Instant, through his affiliation with Nomad Group. The landlord in this deal is The Moinian Group, indicating their role in leasing the space to the tenant.