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526 Baltic Street

David Tabak Leases Retail Space To Erudite Preschool At 526 Baltic Street In Boerum Hill
LEASEDRetail

David Tabak Leases Retail Space To Erudite Preschool At 526 Baltic Street In Boerum Hill

526 Baltic Street

$75

$75/SF

Building Size

4,000 SF

Asset Type

Retail

Closing

Feb 11, 2026

AI

The asset involved in this transaction is a retail space located at 526 Baltic Street in Boerum Hill. The lease entails a retail space measuring 4,000 square feet with an asking rent of $75 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $75/ft
  • Address: 526 Baltic Street
  • Market: Boerum Hill
  • Lease Type: Retail Lease
  • Landlord: David Tabak
  • Tenant: Erudite Preschool
  • Brokers: Eli Yadid & Rafael Benor - KSR

Key individuals involved in the deal include landlord David Tabak and tenant Erudite Preschool. The brokers representing the transaction are Eli Yadid and Rafael Benor from KSR, facilitating the terms of the lease agreement between the landlord and tenant.

Players

Eli Yadid

Kassin Sabbagh Realty

Broker

$16M

vol

38 deals

Broker

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

211506.67%

Cash-on-Cash

-60449.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93