Red Apple Group Leases Retail Space To Studio International Pilates At 600 West 57th Street

The property asset involved in the transaction is located at 600 West 57th Street in the Hell's Kitchen area of Manhattan. It is a retail asset with a size of 2,500 square feet. The asking rent for this location was set at $90 per square foot. The lease agreement is structured as a Modified Gross Lease with a term of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $90/ft
• Square Footage: 2,500
• Address: 600 West 57th Street
• Market: Hell's Kitchen, Manhattan
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Landlord: Red Apple Group
• Tenant: Studio International Pilates
• Brokers: Ravi Idnani & Aric Trakhtenberg - Newmark

The transaction features key representatives Ravi Idnani and Aric Trakhtenberg from Newmark, acting on behalf of the landlord and the tenant in the lease agreement. The involvement of the Red Apple Group as the landlord underscores the established presence of commercial property management in the region, while Studio International Pilates will occupy the retail space for the duration of the lease term.