Mott Haven Child Development Center Leases Retail Space From Wavecrest At 408 East 137th Street

The property involved in this transaction is a retail space located at 408 East 137th Street in the Mott Haven market. The asking rent for this asset is $40 per square foot, encompassing a total area of 10,859 square feet. The landlord of the property is Wavecrest, while the tenant entering into the lease agreement is the Mott Haven Child Development Center.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $40/ft
• Square Footage: 10,859 SF
• Address: 408 East 137th Street
• Market: Mott Haven
• Landlord: Wavecrest
• Tenant: Mott Haven Child Development Center
• Lease Type: Retail Lease
• Brokers: Eli Yadid, Rafael Benor, Royee Zarum & Jordan Soleimani - KSR
• Lease Date: 3/31/2026

The brokers facilitating this deal are Eli Yadid, Rafael Benor, Royee Zarum, and Jordan Soleimani, all affiliated with KSR. They played a key role in representing the parties involved in this lease transaction.