Mastermind Management Leases Retail Space To City Deals At 4218 Third Avenue In Bronx

The property asset involved in the transaction is located at 4218 Third Avenue in the Bronx, featuring a retail space with a lease type classified as a retail lease. The asking rent for the asset is set at $45 per square foot for a total of 2,500 square feet available in the building. The leasing activity is indicative of the retail market dynamics in the Bronx.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $112,500
• Address: 4218 Third Avenue
• Market: Bronx
• Asset Size: 2,500 SF
• Landlord: Mastermind Management
• Tenant: City Deals
• Brokers: David Sabbagh & Solomon Sharaby - KSR
• Asking Rent: $45/ft

The deal involves key individuals David Sabbagh and Solomon Sharaby, who represent the broker agency KSR in this transaction, facilitating the leasing agreement between the landlord, Mastermind Management, and the tenant, City Deals. Their involvement underscores the active brokerage activity in the retail sector of the Bronx, particularly around such properties with available space.