The property asset involved in this transaction is a retail space located at 137 Orchard Street in the Lower East Side, Manhattan. The asking rent is set at $130 per square foot for a total of 2,350 square feet. The lease type is a modified gross lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $130/ft
• Address: 137 Orchard Street
• Market: Lower East Side, Manhattan
• Landlord: Parag Sawhney - Penn South Capital
• Tenant: Softville
• Landlord's Representative: Garrett Kelly, Noam Aziz, & Carson Shahrabani - Meridian Capital Group
• Tenant's Representative: Michael Cohen - Newmark
• Square Footage: 2,350
• Lease Type: Modified Gross Lease

This transaction involved key individuals such as Garrett Kelly, Noam Aziz, and Carson Shahrabani, all representing the landlord, Penn South Capital. Meanwhile, Michael Cohen represented the tenant, Softville, contributing to the successful negotiation of the lease agreement.