Michael Namer Leases Retail Space To Luckin Coffee At 261 3rd Avenue For 10 Years

The property asset involved in this lease transaction is a retail space located at 261 3rd Avenue in the Manhattan market. The asking rent for this space is $150 per square foot, and it covers an area of 1,750 square feet. The lease term agreed upon is for a duration of 10 years, categorized as a retail lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $150/ft
• Address: 261 3rd Avenue
• Market: Manhattan
• Square Footage: 1,750
• Lease Term: 10 Years
• Landlord: Michael Namer
• Tenant: Luckin Coffee
• Landlord's REP: Abraham Dayan - Ripco
• Tenant's REP: Jiangwei Zhou - Exp Commercial

The key individuals involved in this transaction include landlord Michael Namer and tenant Luckin Coffee, who have entered into this lease agreement. The representatives facilitating the deal are Abraham Dayan from Ripco, representing the landlord, and Jiangwei Zhou from Exp Commercial, representing the tenant.