Joel Wiener Leases Retail Space At 493 Ninth Avenue To Port Coffee For $150/ft

The property involved in this transaction is a retail space located at 493 Ninth Avenue in the Hell’s Kitchen market. The asking rent for this asset amounts to $150 per square foot, with a total area of 500 square feet. The lease term is structured as a Modified Gross Lease for a period of 5 years.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $150/ft
• Lease Term: 5 Years
• Lease Type: Modified Gross Lease
• Landlord: Joel Wiener
• Tenant: Port Coffee
• Brokers: Ben Biberaj & Russell Kolen - IPRG Retail Leasing; Desi Avidane - Investment Property Realty Group

This transaction features the participation of notable brokers in the deal. Ben Biberaj and Russell Kolen represent the leasing side through IPRG Retail Leasing, while Desi Avidane is affiliated with Investment Property Realty Group, ensuring both tenant and landlord interests are effectively addressed in the arrangement.