Eloise & Daisy Signs 10 Year Lease At 506 East 13th Street In East Village

The property asset involved in this transaction is located at 506 East 13th Street in the East Village market. This retail space features an asking rent of $103 per square foot and has a total size of 1,200 square feet, leading to a monthly rent of $10,250. The lease term for this property is established at 10 years, under a modified gross lease structure.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $10,250
• Address: 506 East 13th Street
• Market: East Village
• Tenant: Eloise & Daisy / Sushi W
• Broker: Brandon Efap - Investment Property Realty Group
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Asking Rent: $103/ft
• Square Footage: 1,200

The transaction was effectively managed by Brandon Efap, representing both the tenants and the landlord through Investment Property Realty Group. The deal was completed in one-third of the time allotted for the exclusive, securing optimally priced rents for the parties involved.