Tiny Titans Day Care Leases Retail Space At 9302 Third Avenue For 10 Years With Landlord Matt Scherr
9302 Third Avenue
Building Size
9,600 SF
Asset Type
Retail
Closing
Nov 19, 2025
About this deal
AI
The retail asset located at 9302 Third Avenue in Brooklyn encompasses a total area of 9,600 square feet. The lease agreement has an asking rent of $60 per square foot, structured under a single net lease for a duration of 10 years.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $60/ft
- Square Footage: 9,600
- Address: 9302 Third Avenue
- Market: Brooklyn
- Landlord: Matt Scherr
- Tenant: Tiny Titans Day Care
- Brokers: Richard Senior & Esther Bukai - Ripco
- Lease Term: 10 years
- Lease Type: Single Net Lease
The transaction was facilitated by the brokers Richard Senior and Esther Bukai, representing Tiny Titans Day Care in securing a long-term lease for this prime retail space in Bay Ridge.
On the Map
Retail
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Brooklyn 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93