97 Baltic St, Brooklyn, NY 11201

Property 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 spaces—an 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.