Zerimar Clay Leases Retail Space At 402 West 51st Street In Hell's Kitchen, Manhattan

The property involved in this lease transaction is a retail space located at 402 West 51st Street in Hell's Kitchen, Manhattan. The asset is owned by Genuine Realty Corp., represented by Nassar Nagi. The tenant, Zerimar Clay, represented by Pedro Ramirez, has leased the space for a term of 10 years. The asking rent for the 600 square feet space was $160 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: N/A
• Date: 06/01/2023
• Address: 402 West 51st Street
• Market: Hell's Kitchen, Manhattan
• Landlord: Genuine Realty Corp. - Nassar Nagi
• Tenant: Zerimar Clay - Pedro Ramirez
• Broker: Matthew Mager - Besen Partners
• Asking Rent: $160 per square foot
• Lease Term: 10 years

The lease deal was facilitated by Matthew Mager from Besen Partners, who represented the tenant, Zerimar Clay. This lease transaction highlights the collaboration between the landlord, tenant, and the broker, ensuring a mutually beneficial agreement for all parties involved.