Club Pilates Leases Retail Space At 256 West 116th Street South Harlem For Long Term With Dallal Realty Partners

The property asset involved in this transaction is a retail space located at 256 West 116th Street in the South Harlem market. The space encompasses 3,000 square feet and has an asking rent of $100 per square foot. The lease is a long-term retail lease facilitated by Dallal Realty Partners LLC, represented by Zachary Crane & Family.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $100/ft
• Square Footage: 3,000
• Address: 256 West 116th Street
• Market: South Harlem
• Landlord: Dallal Realty Partners LLC - Zachary Crane & Family
• Tenant: Club Pilates
• Landlord's Rep: Ravi Idnani - Newmark Knight Frank
• Tenant's Reps: Emily Simmonds & Jessica Hedrington - Ripco
• Lease Term: Long term
• Lease Type: Retail Lease

This deal showcases the involvement of both the landlord and tenant representatives, highlighting Ravi Idnani's role from Newmark Knight Frank representing Dallal Realty Partners LLC, while Emily Simmonds and Jessica Hedrington from Ripco represent Club Pilates. Their collaboration led to the successful lease of the retail space.