Michael Ainbinder Leases Retail Space To Doggingtons Day Care In Gramercy Park For $72/ft

The property asset involved in this lease transaction is located at 243 East 18th Street in the Gramercy Park neighborhood of Manhattan. It has a retail asset type and a total size of 1,000 square feet. The asking rent for this space is $72 per square foot, with a lease type designated as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $72/ft
• Square Footage: 1,000
• Address: 243 East 18th Street
• Market: Gramercy Park, Manhattan
• Landlord: Michael Ainbinder
• Tenant: Doggingtons Day Care
• Landlord's Representative: James Famularo & Bobby Ortense - Meridian Capital Group
• Tenant's Representative: Marcelo Demoraes - Meridian Capital Group

The deal included key individuals from Meridian Capital Group, with James Famularo and Bobby Ortense representing the landlord, Michael Ainbinder, and Marcelo Demoraes representing the tenant, Doggingtons Day Care. Their involvement highlights the professional brokerage services facilitating this lease transaction.