Yehuda Mendlowtis Leases Retail Space To Mahdy's Stand At 662 Amsterdam Avenue For 10 Years

The asset involved in this transaction is a retail space located at 662 Amsterdam Avenue in the Upper West Side market. It spans 1,000 square feet, with an asking rent set at $72 per square foot. The lease term agreed upon is for 10 years, structured as a modified gross lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $72/ft
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Landlord: Yehuda Mendlowtis
• Tenant: Mahdy's Stand
• Brokers: Ben Biberaj, Russell Kolen - IPRG Retail Leasing & Desi Avidane - Investment Property Realty Group

The transaction features key individuals including landlord Yehuda Mendlowtis and tenant Mahdy's Stand. The brokerage representation includes Ben Biberaj and Russell Kolen from IPRG Retail Leasing, along with Desi Avidane from Investment Property Realty Group, who played crucial roles in facilitating the lease agreement.