Bright Beginnings Leases 20,875 SF Day Care Space In Melrose And Mott Haven, Bronx
3225 Third Ave & 80 Bruckner Blvd
$50
$50/SF
Building Size
20,875 SF
Asset Type
Package Deal
Closing
Sep 15, 2023
AI
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
Thirty Package Deal Market Snapshot
Boundary boundary · Package Deal · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
317260.00%
Cash-on-Cash
-90673.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93