Momentum Realty Group and Meridian Capital Group arrange East Harlem lease for The Axis Project

 

 

Manhattan, NY Meridian Capital Group announced that it has arranged a lease at 118 East 108th Street in East Harlem for The Axis Project, a mission-driven nonprofit organization focused on workforce development, entrepreneurship, and community advancement.

Meridian’s Noam Aziz and Cory Rywalt represented the tenant in the transaction. The landlord, Rodney Propp and Joseph Milone of L&M Development Partners, were represented by Moshe Akiva of Momentum Realty Group

Led by George Gallego and his wife, Julia Kahn-Gallego, The Axis Project is pioneering a new model of inclusive wellness and community care, a place where people with disabilities and older adults can move, create, and belong. Their mission is to foster meaningful connections and enhance both mental and physical health through our fitness, nutrition, and community programs.. The new space will support the organization’s ongoing efforts that Axis can be a permanent resource for people with disabilities and aging adults in New York City.

The transaction consisted of a 10-year, single-net lease for approximately 5,000 s/f, completed at an asking rent of $20,000 per month.

“Arranging a lease for an organization like The Axis Project is especially meaningful,” said Noam Aziz. “They are doing impactful work at the community level, and it is rewarding to help facilitate space that allows their mission and programs to continue to grow in the city.