The property asset involved in this transaction is a retail space located at 3455 Jerome Avenue in the Bronx. The lease agreement has a term of 10 years, with an asking rent of $80 per square foot for a total of 1,750 square feet. The lease type is classified as a Modified Gross Lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $140,000
• Asking Rent: $80/ft
• Square Footage: 1,750
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease
• Landlord: Lee Tirella
• Tenant: Ace Shawarma & Burgers
• Brokers: Justin Kamali - J3K Real Estate

Justin Kamali of J3K Real Estate represented both the landlord, Lee Tirella, and the tenant, Ace Shawarma & Burgers, in this transaction. This marks the first U.S. location for Ace Shawarma & Burgers, which is situated in a former GameStop retail space.