The transaction involves a retail asset located at 2178 Broadway, known as the Arthouse Hotel, situated in the Manhattan market. The property encompasses 6,000 square feet, tailored for a new leasing opportunity.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Address: 2178 Broadway (Arthouse Hotel)
• Market: Manhattan
• Landlord: Ben Ashkenazy - Ashkenazy Acquisitions
• Tenant: Charlie Levy - Motek
• Landlord's Representative: Carolina Aziz - KSR; Pablo Basora
• Tenant's Representative: Jared Robins - InHouse Commercial

Motek, under the leadership of tenant Charlie Levy’s Happy Corner Hospitality, is set to establish a new location in the Arthouse Hotel. The establishment will feature a Mediterranean bistro with a menu inspired by traditional Eastern Mediterranean dishes. The venture is part of a broader expansion plan that includes at least five locations within New York City, with the brand also set to open another location in Flatiron this September.