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96 & 98 Baltic St, Brooklyn, NY 11201

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For Sale

$2,950,000

12,000 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $245.83
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

This is a rare opportunity to acquire a contiguous two-building portfolio comprising 16 residential units in the desirable Columbia Waterfront District of Brooklyn. The portfolio consists of two adjacent four-story, eight-unit walk-up buildings, offering stable current income with significant future upside. The units are a mix of free market, rent stabilized, and rent controlled apartments. This tenancy structure provides investors with an immediate cash flow and the potential for substantial rental growth through capital improvements and natural unit turnover in the free market sector. A major growth catalyst for this investment is the large-scale redevelopment of the Brooklyn Marine Terminal happening just across the street. This significant project is expected to bring substantial commercial activity and further enhance the long-term value and desirability of the immediate neighborhood. Residents benefit from excellent transportation access (F and G trains nearby) and proximity to Brooklyn Bridge Park and the thriving retail and dining options along Atlantic Avenue and Court Street. This is an excellent acquisition for an investor seeking a substantial asset with strong value-add potential poised for continued appreciation. * Strategic Location: Located directly across from the Brooklyn Marine Terminal, which is slated for a multi-billion-dollar, 122-acre redevelopment. * Irreplaceable Scale: Acquiring 16 units across two contiguous four-story buildings in a low-density, high demand neighborhood. * Acquisition Strategy: This offering targets investors seeking to leverage a below-market PPU entry point to secure a significant footprint. * Neighborhood: High quality of life supported by proximity to world-class amenities, including Brooklyn Bridge Park, Piers 5 & 6. * Transportation & Access: Excellent connectivity for tenants with easy access to the F and G subway lines.
MLS# 11609573

Courtesy Of CAPLINE CONSOLIDATED LLC

robert@caplineconsolidated.com

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Water Front
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Rooms
    Basement, Kitchen
  • View Type
    City, Ocean, Park

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.