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224 26th Street

Mosholu Montefiore Community Center Leases 9,000 SF Mixed-Use Space In Brooklyn For $35/ft
LEASEDMixed-use

Mosholu Montefiore Community Center Leases 9,000 SF Mixed-Use Space In Brooklyn For $35/ft

224 26th Street

$26,250

$26,250/SF

Building Size

9,000 SF

Asset Type

Mixed-use

Closing

Jul 8, 2026

AI

The property involved in this transaction is located at 2-24 26th Avenue - Space A in Brooklyn. It is a mixed-use asset with a total square footage of 9,000. The asking rent for the space is set at $35 per foot, and the lease type is classified as a Modified Gross Lease.

Summary of transaction details:

This transaction features key representatives, with Richard Babeck representing Tri State Commercial Realty and Eli Yadid and Rafael Benor from KSR facilitating the deal. The lease agreement is between the landlord, Yitzchok Katz, and the tenant, Mosholu Montefiore Community Center, indicating a partnership in the mixed-use space.

Players

Eli Yadid

Kassin Sabbagh Realty

Broker

$16M

vol

40 deals

Broker
Yitzchok Katz

Yitzchok Katz

Landlord

$718.7M

vol

11 deals

Landlord
MC
Mosholu Montefiore Community CenterTenant

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

604.30%

Cash-on-Cash

-172.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93