The property asset involved in this transaction is a retail space located at 425 Park Avenue South in the Flatiron market. The property encompasses a total square footage of 4,200 and is leased under a Modified Gross Lease at an asking rent of $165 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $165/ft
• Lease Type: Modified Gross Lease
• Landlord: Park South Tower Apartments - Edward G Blaine
• Tenant: Remi Flower & Coffee
• Landlord's Representative: Doug Rice - Rice & Associates
• Tenant's Representative: Jeremy Banilevi - Zelnik & Company

This transaction involved significant representation, with Doug Rice from Rice & Associates acting on behalf of the landlord, Edward G Blaine, and Jeremy Banilevi from Zelnik & Company representing the tenant, Remi Flower & Coffee. The engagement of both representatives facilitated the lease agreement in this prominent retail setting.