The property involved in this lease transaction is an office located at 127 West 26th Street in Chelsea, Manhattan. The asset encompasses a total of 4,200 square feet and is available at an asking rent of $34 per square foot. The lease term is structured for a duration of 5 years, with an optional extension for an additional 5 years. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: N/A
• Address: 127 West 26th Street
• Market: Chelsea, Manhattan
• Asking Rent: $34/ft
• Square Footage: 4,200
• Lease Term: 5 years + 5 year option
• Lease Type: Modified Gross Lease
• Landlord: Adam Justin
• Broker: Emilian Derguti - Capstone Properties

This transaction features Adam Justin as the landlord, while Emilian Derguti from Capstone Properties represents the broker in this deal. The inclusion of a 5-year option for an additional term indicates a flexible approach for potential long-term tenancy.