High Point Property Group Leases Retail Space To Moim Hospitality In East Village For $135/ft

The property involved in this transaction is a retail asset located at 176 1st Avenue in the East Village, Manhattan. The lease agreement specifies a term of 10 years for the space, which encompasses 2,800 square feet. The asking rent for this property has been set at $135 per square foot, and it operates under a single net lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $135/ft
• Square Footage: 2,800
• Address: 176 1st Avenue
• Market: East Village, Manhattan
• Lease Term: 10 Years
• Lease Type: Single Net Lease
• Landlord: High Point Property Group
• Tenant: Moim Hospitality
• Landlord's Representative: Michael Segerman - Current Real Estate Advisors
• Tenant's Representative: Jeff Jacobson - Masonre

The key individuals involved in this deal include Michael Segerman, representing the landlord, and Jeff Jacobson, representing the tenant. Both representatives play crucial roles in facilitating the lease agreement between High Point Property Group and Moim Hospitality, ensuring that the transaction is effectively negotiated and finalized.