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Bright Beginnings Leases 20,875 SF Day Care Space In Melrose And Mott Haven, Bronx

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LEASED
$50

Iowa

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Package Deal20,875 SF
Leased 09/15/2023
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LEASED

Bright Beginnings Leases 20,875 SF Day Care Space In Melrose And Mott Haven, Bronx

3225 Third Ave & 80 Bruckner Blvd

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Package Deal20,875 SF
Leased 09/15/2023
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Summary

IOWA
Asset Type:Package Deal
Price Per Square Foot:$50
Total Square Footage:20,875 SF
Transaction Type:Lease

Two properties in the Bronx, located at 3225 Third Avenue in Melrose and 80 Bruckner Boulevard in Mott Haven, have been leased in a package deal. The landlord for these properties is Peter Fine, and the tenant is Bright Beginnings. The brokers involved in the transaction are Miles Sabbagh and Marc Sitt from KSR. The total square footage of the leased properties is 20,875, with 9,375 square feet at 3225 Third Avenue and 11,500 square feet at 80 Bruckner Boulevard. Both properties were leased at a rate of $50 per square foot.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: Not specified
  • Market: Melrose, Bronx & Mott Haven, Bronx
  • Landlord: Peter Fine
  • Tenant: Bright Beginnings
  • Brokers: Miles Sabbagh & Marc Sitt - KSR
  • Asking Rent: $50/ft
  • Square Footage: 20,875 (9,375 SF at 3225 Third Avenue, 11,500 SF at 80 Bruckner Boulevard)

Please contact Miles Sabbagh and Marc Sitt for more information on daycare space opportunities.

Players

Marc Sitt
64 deals$272.9M volume(917) 757-8863
BROKER

Miles Sabbagh
Kassin Sabbagh Realty
18 deals
BROKER

Peter Fine
20 deals$477.2M volume
LANDLORD

Peter Fine
20 deals$477.2M volume
LANDLORD

TENANT

Details

LEASED
IMAGE: Miles Sabbagh & Marc Sitt DATE: 09/15/2023 ADDRESS: 3225 Third Ave & 80 Bruckner Blvd MARKET: Melrose, Bronx & Mott Haven, Bronx ASSET TYPE: Package Deal LANDLORD: Peter Fine TENANT: Bright Beginnings BROKERS: Miles Sabbagh (@Miles_Realty) & Marc Sitt (@Retail.Marc) - KSR (@Kassin_Sabbagh_Realty) ASKING RENT: $50/ft ~ SF: 20,875 NOTE FROM BROKER: Please contact Miles and Marc for more day care spaces opportunities. 3225 Third Avenue, Melrose, Bronx was 9,375 SF and was leased at $50/SF. 80 Bruckner Boulevard, Mott Haven, Bronx was 11,500 SF and was leased at $50/SF. Together they combined for a total of 20,875 SF.

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Deal Type
Effective Rent (Annual)

$1,196,542.40

Total Lease Value

$11,965,424.03

Net Landlord Cash Flow$1,196,542.40