Rare Prime Cobble Hill Mixed-Use Building

Description

CT Estates is pleased to present for sale 159 Baltic Street, a four story renovated mixed-use building located in the heart of Cobble Hill. The property was built in 1920.The building’s ground floor is fully leased and contains 9 rent stabilized apartments.This 8,650 square foot building sit between Henry St and Hicks St. Currently the first floor is leased to Cobble Hill Mini Market, Happy Garden & Fare & Folk.The property has significant upside in the rental income as just four of the nine units are vacant. As the units are averaging $3.33/SF in a market where renovated units typically achieve in the $4.37/SF range. Apartments are currently configured as a mix of one, and two bedroom units. Contact us for more information.