Lawrence Movtady Leases Retail Space To Herbie's Burgers At 109 1st Avenue East Village

The property asset involved in this transaction is a retail space located at 109 1st Avenue in the East Village. The asset has an asking rent of $165 per square foot and encompasses a total of 1,000 square feet. It operates under a Single Net Lease type.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $165/ft
• Square Footage: 1,000
• Address: 109 1st Avenue
• Market: East Village
• Landlord: Lawrence Movtady
• Tenant: Herbie's Burgers
• Landlord's Representative: Noam Aziz & Carson Shahrabani - Meridian Capital Group
• Tenant's Representative: Stephen Ligambi - Meridian Capital Group

This transaction involved key representatives from Meridian Capital Group, with Noam Aziz and Carson Shahrabani representing the landlord, while Stephen Ligambi represented the tenant in securing the lease agreement for Herbie's Burgers.