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4439 Third Avenue

L&M Development Partners Leases Retail Space To Belmont Preschool At 4439 Third Avenue
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:

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

Eli Yadid

Kassin Sabbagh Realty

Broker

$16M

vol

38 deals

Broker
LP
L&M Development PartnersLandlord
BP
Belmont PreschoolTenant

Bronx Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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