The retail asset at 928 Broadway, located in the Flatiron District, encompasses 7,000 sq. ft. This property has been leased to the Mediterranean bistro Motek, which is establishing its first location in New York City. The transaction signifies a notable entry into the NYC market, engaging in a long-term arrangement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not specified
• Lease Term: 10-year
• Address: 928 Broadway
• Market: Flatiron District
• Landlord: Michael Grunberg - Grunberg Realty
• Tenant: Charlie Levy - Motek
• Landlord's Representative: Andrew Taub, Ross Berkowitz & Gabriel Staab - Newmark
• Tenant's Representatives: Ariel Schuster & Michael Paster - Newmark; Jared Robins - Inhouse Commercial

This transaction involves key representatives from both the landlord and tenant sides, facilitating the agreement. The representation includes Andrew Taub, Ross Berkowitz, and Gabriel Staab from Newmark on behalf of the landlord, while Ariel Schuster, Michael Paster from Newmark, and Jared Robins from Inhouse Commercial represent the tenant. Both parties collaborated to finalize the lease arrangement effectively.