The retail asset located at 299 3rd Avenue in the Gramercy market comprises a lease with a tenant occupying 1,200 square feet at an asking rent of $200 per square foot. The lease transaction involves landlord SMA Equities, represented by Samy Mahfar.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $240,000
• Landlord: SMA Equities - Samy Mahfar
• Tenant: 23rd Street Coffee
• Leasing Brokers: David Sabbagh, David Green, Malik Wells & Ike Bibi - KSR
• Lease Type: Retail Lease

This transaction was facilitated by a team of brokers comprising David Sabbagh, David Green, Malik Wells, and Ike Bibi, who represent the landlord in this deal. Additionally, there is an opportunity for leasing 1,657 square feet available on the corner, for which interested parties can contact David Sabbagh and David Green for further details.