A 10-year lease has been signed for a commercial space located at 402 West 51st Street in Hell’s Kitchen. The property, measuring 600 square feet, was leased by Studio 16. The landlord in this transaction is Nassar Nagi. Representing the tenant in this deal is Dan Rosenblatt, while James Famularo and Dan Rosenblatt from Meridian Capital Group represent the landlord. The asking price for this lease was $120 per square foot.

Summary of transaction details

• Property Type: Commercial
• Transaction Amount: $72,000 (600 sq ft x $120/sq ft)
• Address: 402 West 51st Street, Hell's Kitchen
• Market: Hell's Kitchen
• Tenant: Studio 16
• Landlord: Nassar Nagi
• Tenant's Representative: Dan Rosenblatt
• Landlord's Representative: James Famularo & Dan Rosenblatt (Meridian Capital Group)
• Lease Term: 10 years
• Asking Price: $120 per square foot
• Square Footage: 600 sq ft

The lease transaction involved Studio 16 as the tenant leasing the 600 square feet of commercial space at 402 West 51st Street. The tenant was represented by Dan Rosenblatt. James Famularo and Dan Rosenblatt from Meridian Capital Group acted as the landlord's representatives in this deal, alongside Dan Rosenblatt who also represented the tenant. This lease, with a term of 10 years, was secured at an asking price of $120 per square foot.