Two Adjacent Eight Family Buildings
96 Baltic Street
Columbia Street Waterfront District
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My team has been retained to exclusively represent ownership in the sale of two adjacent multifamily buildings at 96-98 Baltic Street in the Columbia Heights Waterfront District of Brooklyn.
The two properties provide the opportunity to acquire two adjacent eight unit multifamily buildings one block from booming Columbia Street and a block from the waterfront in Columbia Heights Waterfront District. There is significant upside in the assets as there are four rent-controlled units paying less than $300/month, eight rent stabilized units paying an average of $1,127/month and four free market units paying an average of $2,195/month. 96 Baltic Street has a unit mix of four one-bedroom apartments and four two-bedroom apartments. 98 Baltic Street is comprised of five two-bedroom apartments and three one-bedroom apartments.
Bordered by Cobble Hill and Carroll Gardens, the Columbia Street Waterfront District is one of Brooklyn’s fastest transforming neighborhoods, with Columbia Street the center of this growth. Columbia Street features such prominent restaurants as Pok Pok, The Hop Shop, Popina and Dallas BBQ. The property is located just a few blocks from popular attractions including Brooklyn Bridge Park, the Brooklyn Heights Promenade, and the Court and Smith Street retail corridors. The BQE entrance is only a few blocks down and the F and G station at Bergen Street is within walking distance.