Peter Fine Leases Retail Space At 3225 Third Avenue To Inspire Brands With Brokers Miles Sabbagh & Marc Sitt
LEASED
$65
New York
See Similar DealsRetail1,800 SF
Leased 04/11/2025
LEASED
Peter Fine Leases Retail Space At 3225 Third Avenue To Inspire Brands With Brokers Miles Sabbagh & Marc Sitt
3225 Third Avenue
See Similar DealsRetail1,800 SF
Leased 04/11/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$65
Total Square Footage:1,800 SF
Transaction Type:Lease
The property involved in this transaction is located at 3225 Third Avenue in the Longwood market. It is a retail asset with a lease type classified as a Retail Lease. The asking rent is set at $65 per square foot, with a total area of 1,800 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $117,000
- Landlord: Peter Fine
- Tenant: Inspire Brands
- Brokers: Miles Sabbagh & Marc Sitt - KSR
- Asking Rent: $65/ft
- Lease Type: Retail Lease
The key individuals involved in the deal are Peter Fine representing the landlord and Inspire Brands as the tenant. The transaction was facilitated by brokers Miles Sabbagh and Marc Sitt from KSR. Notably, Dunkin Donuts, Baskin Robbin’s, and Jimmy John’s are expected to establish a presence at this location soon.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$134,127.39
Total Lease Value
$1,341,273.88
Net Landlord Cash Flow$134,127.39
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