A retail property located at 237 Madison Avenue in Murray Hill, Manhattan has been leased. The property, with a square footage of 5,500, was leased by a new tenant, LayLays NYC, at an asking rent of $105 per square foot.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: Leased
• Address: 237 Madison Avenue, Murray Hill, Manhattan
• Market: Murray Hill, Manhattan
• Tenant: LayLays NYC
• Asking Rent: $105/ft
• Lease Term: Former Asia de Cuba has been leased to a new upscale Caribbean Steakhouse
• Landlord: Living NY - Jon Bakhash
• Brokers: Ryan Schimel & Nicolas Nitu - Habendum Real Estate

Ryan Schimel and Nicolas Nitu, representatives from Habendum Real Estate, were instrumental in facilitating this long-term lease deal for the property. After years of being vacant, they were able to secure a new tenant and are excited to witness the transformation of the space into a new upscale Caribbean Steakhouse concept.