LEASEDRetail
L&M Development Partners Leases Retail Space To Belmont Preschool At 4439 Third Avenue
4439 Third Avenue
$40
$40/SF
Building Size
11,400 SF
Asset Type
Retail
Closing
Mar 2, 2026
AI
The property involved in this transaction is a retail asset located at 4439 Third Avenue in the Belmont market. The asking rent is set at $40 per square foot, and the total square footage of the asset is 11,400 square feet. The transaction is categorized as a retail lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $40/ft
- Address: 4439 Third Avenue
- Market: Belmont
- Asset Size: 11,400 SF
- Landlord: L&M Development Partners
- Tenant: Belmont Preschool
- Landlord's Representative: Moshe Akiva & Avi Akiva - Momentum Realty Group
- Tenant's Representative: Eli Yadid & Rafael Benor - KSR
- Lease Type: Retail Lease
The deal features key representatives from both sides; the landlord is represented by Moshe Akiva and Avi Akiva from Momentum Realty Group, while the tenant is represented by Eli Yadid and Rafael Benor from KSR. This collaborative effort highlights the involvement of experienced professionals in the retail leasing process.
Players
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
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93