Upscale Salon Leases Retail Space At 112 East 116th Street In East Harlem For 10 Years

The property involved in the transaction is a retail space located at 112 East 116th Street in the East Harlem market. The space covers 1,200 square feet and was leased for an asking rent of $75 per square foot. The lease is a Modified Gross Lease with a term of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $75/ft
• Square Footage: 1,200
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Landlord: Arman Nog
• Tenant: Upscale Salon
• Brokers: Aryeh Vilinsky, Jack Sash Basora, and Mark Golberg - Tahari Realty

Tahari Realty successfully represented the landlord during this lease transaction, negotiating favorable terms for the retail space. The firm’s brokers have a strong reputation in landlord representation, and their team is noted for identifying prime locations for tenants in New York City’s competitive market.