Larry Marolda Leases Retail Space To 1031 Deli Mart Corp In Lenox Hill For $266/ft

The property asset involved in this transaction is a retail space located at 1031 3rd Avenue in the Lenox Hill market. The leasing arrangement is a modified gross lease with an asking rent of $266 per square foot for a total area of 900 square feet.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $266/ft
• Lease Type: Modified Gross Lease
• Landlord: Larry Marolda - Direct Property Management
• Tenant: 1031 Deli Mart Corp.
• Landlord's Rep: James Famularo & Kyle Fink - Meridian Capital Group

This transaction involves key individuals representing each side. The landlord is represented by James Famularo and Kyle Fink from Meridian Capital Group, while the tenant is 1031 Deli Mart Corp. This reflects the collaborative effort in securing the space for retail operations.