Luckin Coffee Leases Retail Space From Anatasia Gerontis At 244 8th Avenue For $140/ft

The property asset involved in this transaction is a retail space located at 244 8th Avenue in the Chelsea market of Manhattan. It has a total square footage of 1,500 and was leased at an asking rent of $140 per square foot, with a lease term of 10 years established under a retail lease agreement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $210,000
• Address: 244 8th Avenue
• Market: Chelsea, Manhattan
• Landlord: Anatasia Gerontis
• Tenant: Luckin Coffee
• Landlord's Representative: Alexander Constantin - Heritage Realty Services LLC
• Tenant's Representative: Jiangwei Zhou - Exp Commercial
• Lease Term: 10 years
• Asking Rent: $140/ft
• Square Footage: 1,500

This transaction features key individuals and companies, including landlord Anatasia Gerontis and tenant Luckin Coffee. The deal was represented by Alexander Constantin from Heritage Realty Services LLC for the landlord and Jiangwei Zhou from Exp Commercial for the tenant.