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96 & 98 Baltic Street Brooklyn, NY 11201 2 Multifamily Properties Offered at $3,402,332 CAD in Brooklyn, NY
Investment Highlights
- Strategic Location: Located directly across from the Brooklyn Marine Terminal, which is slated for a multi-billion-dollar, 122-acre redevelopment.
- Acquisition Strategy: This offering targets investors seeking to leverage a below-market PPU entry point to secure a significant footprint.
- Transportation & Access: Excellent connectivity for tenants with easy access to the F and G subway lines.
- Irreplaceable Scale: Acquiring 16 units across two contiguous four-story buildings in a low-density, high demand neighborhood.
- Neighborhood: High quality of life supported by proximity to world-class amenities, including Brooklyn Bridge Park, Piers 5 & 6.
Executive Summary
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.
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.
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 96 Baltic St, Brooklyn, NY 11201 | Multifamily | 12,000 SF | 1900 | - |
| 98 Baltic St, Brooklyn, NY 11201 | Multifamily | 5,836 SF | 1910 | - |
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96 & 98 Baltic Street Brooklyn, NY 11201
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