Tiny Titans Day Care Leases Retail Space At 9302 Third Avenue For 10 Years With Landlord Matt Scherr
9302 Third Avenue
$60
$60/SF
Building Size
9,600 SF
Asset Type
Retail
Closing
Nov 19, 2025
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.
Players
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