Updated 6 years ago
Off Market
372 Baltic Street
Boerum Hill, Brooklyn | Smith Street & Hoyt Street
7,080 Square FeetRental Property
$3,400,000
floors / apts4 / 8
Lot Size29'5"x100'
Built Size29'6"x56'
ZoneR6B
Building TypeTownhouse
RE Taxes$10,052
Price Per SF
$480
Outdoor space and views
- Backyard
- Park Views
Building Amenities
- Voice Intercom
- Second Entry
- Stoop Entry
Property Description for 372 Baltic Street
The subject property is a four-story walkup apartment building located on the south side of Baltic Street between Smith and Hoyt Streets in Cobble Hill, Brooklyn. The property contains 8, two-bedroom apartments. The two free-market apartments have been gut-renovated and the remaining six are rent stabilized. The average in-place income is currently $25/sf; as a result, the rents have approximately 40% upside.
The building is located directly across the street from Boerum Park and steps away from the prime retail corridor of Smith Street featuring high end boutiques, local restaurants, and national retailers. Some of these retailers within blocks of the subject property include: Stinky Bklyn, Epaulet, Char No. 4, Starbucks, Chase Bank, and Lululemon. The property is two blocks from the Bergen Street F & G subway and B57 bus stops.
Listing History for 372 Baltic Street
Now
11/18/2015
POM by Winfield Clifford
Cushman & Wakefield
07/13/2015
$3,400,000 [-$200,000] [5.6%]
Price Drop by Winfield Clifford
Cushman & Wakefield
Building Details for 372 Baltic Street
OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts4/8
Transit and Citi Bike
Subway
Bergen St
0.13 miles
Carroll St
0.36 miles
Hoyt-Schermerhorn Sts
0.42 miles
Citi Bike
Hoyt St & Warren St
0.08 miles
Warren St & Smith St
0.09 miles
Boerum Hill | Brooklyn
Quick Profile
Boerum Hill is a tiny, quiet, primarily residential neighborhood in Brooklyn. There are broad tree-lined streets that are filled with elegant three and four-story brownstones and townhouses, mostly built between 1840 and 1870. There is a definite family vibe to the neighborhood, but young professionals are moving in, and with them are coming trendy bars to cater to their desire for some measure of nightlife, without having to linger in Manhattan. These new bars and restaurants are being sandwiched in amongst existing shops on both Atlantic Avenue and Smith Street, which are the main commercial areas in Boerum Hill.
Boerum Hill offers a convenient location that is still able to maintain its small-neighborhood feel. Shopkeepers value their customers and remember their regulars. It continues to do what it was designed to do, namely provide small-town living in the very shadow of the big city. Boerum Hill is an easy commute to other parts of the city, making it easy to come home every day to the peace and tranquility of Boerum Hill while commuting to a job anywhere in the city.
The neighborhood is quite walkable and you can take the time to catch up with your neighbors while visiting on their stoops. Shopping on Atlantic Avenue is stress-free with no high pressure. You can meet with friends at any of the many coffee shops and while away pleasant hours in conversation. The dining scene on Smith Street is similarly laid-back. Don’t expect that there will be quite as much to see or do as there is in Manhattan, but there are a decent number of interesting bars and restaurants providing a measure of nightlife. The trade-off is worth it, as Boerum Hill provides a quiet, peaceful place to live and raise a family.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 42198TH
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