The property asset involved in this transaction is located at 545 West 25th Street, Unit 6S in Manhattan. It is categorized as an office space with a total square footage of 2,140. The asking rent for this property was set at $67 per square foot, resulting in a monthly rent of $12,000. The lease type for this transaction is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $12,000
• Address: 545 West 25th Street, Unit 6S
• Landlord: Demetri Daphnis & Nassos Daphnis Family 2000 Trust
• Tenant: Craig McDean - Shotgun Holdings
• Brokers: Hilly Soleiman, Jared Rehberg, Ronald Cohen - Besen Partners & James Costello - Sinvin Real Estate
• Lease Date: 08/13/2024
• Market: Manhattan

This lease transaction involved multiple brokers with Hilly Soleiman, Jared Rehberg, and Ronald Cohen representing Besen Partners, while James Costello represented Sinvin Real Estate. The creative office space located in the Chelsea Arts Tower is intended for use as a photography studio and office. Besen Partners also indicated they have a similar space available in the same building for potential interest.