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
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