Taco Mahal Leases Retail Space At 1109 Lexington Avenue With Landlord Solil Management

The retail asset located at 1109 Lexington Avenue in the Upper East Side has a lease structured on a modified gross basis. The lease covers an area of 705 square feet with an asking rent set at $357 per square foot. The lease term is established for a duration of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $357/ft
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Landlord: Solil Management
• Tenant: Taco Mahal
• Brokers: Ben Biberaj & Desi Avidane - IPRG Retail Leasing

Ben Biberaj and Desi Avidane represented IPRG Retail Leasing in the transaction, facilitating the deal between Solil Management and Taco Mahal for the leased retail space. Their involvement highlights the professional brokerage support provided during this lease agreement.