Portabella Inks Five-Year Retail Lease With Sedesco At 49 West 57th Street

The property asset involved in the transaction is located at 49 West 57th Street in Midtown Manhattan, comprising 10,000 square feet of retail space. The asking rent for the property was set at $80 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $80/ft
• Address: 49 West 57th Street
• Market: Midtown Manhattan
• Landlord: Sedesco
• Tenant: Portabella
• Broker: Josh Augenbaum - Augenbaum Realty
• Lease Term: five-year lease

Portabella signed a five-year lease for the retail space, which covers the ground and second floors of the building. The deal is represented by Josh Augenbaum from Augenbaum Realty.