96 & 98 Baltic St Brooklyn, NY 11201
Cobble Hill NeighborhoodEstimated payment $16,532/month
Highlights
- Ocean Front
- Property is near public transit and bus stop
- 3-minute walk to Van Voorhees Playground
- P.S. 29 John M. Harrigan Rated A
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $41,836
Year Built
- Built in 1900
Lot Details
- 5,242 Sq Ft Lot
- Ocean Front
Property Views
- Ocean
- City
- Scenic Vista
- Park or Greenbelt
Home Design
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 12,000 Sq Ft Home
- 4-Story Property
- Partially Finished Basement
- Partial Basement
Location
- Property is near public transit and bus stop
Community Details
- Columbia Street Waterfront District Community
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/07/2026 01/07/26 | Price Changed | $2,495,000 | -15.4% | $208 / Sq Ft |
| 01/07/2026 01/07/26 | For Sale | $2,950,000 | 0.0% | $246 / Sq Ft |
| 01/01/2026 01/01/26 | Off Market | $2,950,000 | -- | -- |
| 12/03/2025 12/03/25 | For Sale | $2,950,000 | 0.0% | $246 / Sq Ft |
| 11/30/2025 11/30/25 | Off Market | $2,950,000 | -- | -- |
| 11/13/2025 11/13/25 | For Sale | $2,950,000 | -- | $246 / Sq Ft |
Source: My State MLS
MLS Number: 11609573
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