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97 Baltic Street

Condo in Columbia St Waterfront District •  building info
8bd • 4ba • 3,090ft² • $1,131 per ft²
List Price

$3,495,000

Key Details
Days on market
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Last price change
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Estimated payment
$20,809/mo
Taxes
$927/mo
Maintenance
N/A
Description
Rare Value-Add Opportunity in Columbia Waterfront District Exceptional opportunity to acquire a well-maintained 3-unit multifamily building in the highly sought-after Columbia Waterfront District of Brooklyn. This three-story property with a full basement is fully occupied with tenants, offering immediate cash flow with flexibility for repositioning and unused FAR of 1,087. Investors will benefit from significant upside potential through rental increases and renovation, as well as additional buildable square footage via remaining FAR under R6B zoning. The property also includes two rear parking spacesan increasingly valuable amenity in the neighborhood. The building can be delivered with tenants in place for immediate income or vacant for a full value-add strategy, making it ideal for both long-term investors and developers seeking growth potential in a prime Brooklyn location.

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Important Stuff
Washer/Dryer in unit
Home features
Hardwood floors
Building amenities
Services and facilities
Fios Available
Shared outdoor space
Patio
Building info

History
What it'll cost
Purchase price
$3,495,000
Asking Price: $3,495,000
Term
30 Years
Down Payment
$349,000 (10%)
Min: 10% (349,000)
Rate
6.5 %
Mortgage Amount
$3,145,500
Mortgage Payment
$19,882
Taxes
$927
Estimated closing cost
$137,000
Total monthly cost $20,809
Listing Courtesy of Compass

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