Olgam Life Signs 15-Year Lease For Retail Space In Harlem

The retail property located at 135 East 125th Street in Harlem has been leased by tenant Olgam Life. The lease agreement, facilitated by broker Josh Augenbaum of Augenbaum Realty, was secured with a 15-year term. The property, owned by Thor Equities and represented by Joey Sitt, had an asking rent of $50 per square foot for a total of 12,700 square feet.

Summary of transation details

• Property Type: Retail
• Transaction Amount: Not applicable
• Address: 135 East 125th Street
• Market: Harlem
• Tenant: Olgam Life
• Brokers: Josh Augenbaum - Augenbaum Realty
• Asking Rent: $50/ft
• Square Footage: 12,700
• Lease Term: 15 years
• Landlord: Thor Equities - Joey Sitt

The deal was successfully mediated by Josh Augenbaum of Augenbaum Realty, who represented the tenant, Olgam Life. On the other side of the transaction, Thor Equities, led by Joey Sitt, acted as the landlord. With an asking rent of $50 per square foot, the 15-year lease agreement was finalized for the property at 135 East 125th Street in Harlem.