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3225 Third Avenue

Peter Fine Leases Retail Space At 3225 Third Avenue To Inspire Brands With Brokers Miles Sabbagh & Marc Sitt
LEASEDRetail

Peter Fine Leases Retail Space At 3225 Third Avenue To Inspire Brands With Brokers Miles Sabbagh & Marc Sitt

3225 Third Avenue

$65

$65/SF

Building Size

1,800 SF

Asset Type

Retail

Closing

Apr 11, 2025

AI

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.

Players

Marc Sitt

Kassin Sabbagh Realty

Broker

$272.9M

vol

64 deals

Broker
Peter Fine

Peter Fine

Landlord

$477.2M

vol

20 deals

Landlord

Bronx Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93