The Practice Room Leases Retail Space At 521 West 26th Street In Chelsea Manhattan

The property involved in this transaction is a retail space located at 521 West 26th Street in the Chelsea market of Manhattan. The asset encompasses a total of 4,000 square feet and was leased under a Modified Gross Lease at an asking rent of $55 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $220,000
• Address: 521 West 26th Street
• Market: Chelsea, Manhattan
• Landlord: Joseph Schik
• Tenant: The Practice Room
• Landlord's Representative: John Roesch - Meridian Capital Group
• Tenant's Representative: Yossi Capland - Compass
• Lease Type: Modified Gross Lease

The key individuals involved in this transaction include Landlord Joseph Schik and Tenant The Practice Room. Representing the Landlord, John Roesch from Meridian Capital Group played a pivotal role, while Yossi Capland from Compass represented the Tenant in this agreement.