Fation Syla Leases Retail Space To Boulevard NYC In Hell's Kitchen For $198 Per Ft

The property asset involved in this transaction is a retail space located at 589 11th Avenue in the Hell's Kitchen market. The lease type is a Modified Gross Lease with an asking rent of $198 per square foot and a total space encompassing 2,000 square feet, complemented by an additional 2,500 square foot basement and a rooftop bar lounge.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $198/ft
• Lease Type: Modified Gross Lease
• Landlord: Fation Syla
• Broker: Emilian Derguti - Capstone Properties NY
• Space Description: 2000 sf + 2500 sf basement + rooftop bar lounge

The deal was facilitated by Emilian Derguti, representing the landlord Fation Syla. Both parties engaged in the lease of the space for Boulevard NYC, which aims to be an upscale dining and nightlife destination that incorporates traditional Albanian and American cuisine through modern culinary techniques.