Hershel Torkian Leases Retail Space To Peachy Bling For $91/ft In Flatiron District

The leased asset is a retail space located at 123 Fifth Avenue in the Flatiron District, consisting of 2,500 square feet. The asking rent for the space is $91 per square foot, and it operates under a Single Net Lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $91/ft
• Square Footage: 2,500 SF
• Address: 123 Fifth Avenue
• Market: Flatiron District
• Landlord: Hershel Torkian
• Tenant: Peachy Bling
• Landlord's Rep: Noam Aziz, Carson Shahrabani & Joseph Khojahiny - Meridian Capital Group
• Tenant's Rep: Kevin Bisconti & Stephen Ligambi - Meridian Capital Group

The transaction involved key individuals from Meridian Capital Group, representing both the landlord and the tenant. Noam Aziz, Carson Shahrabani, and Joseph Khojahiny represented the landlord, while Kevin Bisconti and Stephen Ligambi represented the tenant in this lease agreement.