The retail asset located at 123 Baxter Street in the Chinatown market encompasses a total space of 2,500 square feet. The property has undergone a lease transaction with an asking rent of $125 per foot, structured as a modified gross lease for a duration of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $312,500
• Address: 123 Baxter Street
• Lease Term: 10 years
• Lease Type: Modified Gross Lease
• Landlord: Perry Finkleman - American Development Group
• Tenant: ZYY 196
• Landlord's Rep: Ravi Idnani & Craig Slosberg - Newmark
• Tenant's Rep: Phebie Lee - United Real Estate

The transaction involved key representatives from prominent real estate firms, including Ravi Idnani and Craig Slosberg representing the landlord, American Development Group, and Phebie Lee representing the tenant, ZYY 196, through United Real Estate. Their collaboration facilitated the successful leasing of the retail space in this strategic market location.