Excel Custom Framing Leases Retail Space At 81 3rd Avenue From NYU For 10 Years

The property asset involved in the context is a retail space located at 81 3rd Avenue in Manhattan. The market value highlights a lease with an asking rent of $145 per square foot, covering a total square footage of 1,400. The lease term is set for 10 years under a Single Net Lease agreement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $145/ft
• Lease Term: 10 years
• Lease Type: Single Net Lease
• Landlord: NYU
• Tenant: Excel Custom Framing
• Tenant's Representative: Matthew Ball - Ripco

The deal involves key representatives, including NYU as the landlord and Excel Custom Framing as the tenant. Matthew Ball from Ripco represents the tenant in this leasing agreement.