THE CONDO BOOK PROJECT

640 Baltic Street Condominium

640 Baltic Street, Brooklyn, NY 11215

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Overview

640 Baltic Street is a 2-unit condo in Brooklyn.

  • Offering plan: Accepted August 2020 · 246 pages · floor plans on page 107
  • Finishes: 8-foot ceilings, engineered wood floors, quartz kitchen countertops, Interni Cucine cabinets, Sub-Zero, Wolf and Bosch appliances, a washer and dryer in each apartment and a VRF heat pump system for heating and cooling
  • Prices: $1,396 a square foot on average, as first offered; $6.14 million in all
  • Common charges: $1,098 a month, the sponsor's first-year estimate
  • Developer: National Realty Investment Advisors LLC; principals Rey Grabato
  • Sponsor: Baltic Street Capital 640, LLC, represented by Gabor & Marotta LLC
  • Subway: 7-minute walk to Union St (R); 7 minutes to Atlantic Av-Barclays Ctr (2, 3, 4, 5, B, D, N, Q, R)
  1. SubmittedDecember 2019
  2. AcceptedAugust 2020
  3. First sale
  4. Latest sale

Sales

2 of 2homes sold (100%)
Every sale: 2 homes, with price and dateSee it free →

From city records (ACRIS), through Aug 31, 2021.

First-Year Budget

From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)

Ask Claude or ChatGPT: How do 640 Baltic Street's common charges compare with similar buildings? →

Property Taxes

The plan's first-year tax estimate, checked against the city's real bills for 2 homes.

Each home's estimate, city bills and tax breaksSee it free →

Closing Costs

The buyer pays the NYC and NY State transfer taxes, which a seller usually pays.

All 4 closing costs in the plan, with their pagesSee it free →

Team

Sponsor
Baltic Street Capital 640, LLC
Principals
Rey Grabato
Title agency
Princeton Abstract, Inc.The sponsor's title company for buyers; you can choose another · Agent for Washington Title Insurance Company · Named on p. 99

From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?

Zoning

Zoning district
R6B

Today's zoning, from city data (PLUTO 26v2).

Nearby

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The Condo Book Project Are 640 Baltic Street's common charges high for the area? Yes, they're on the high side. 640 Baltic Street budgets $0.50 per square foot a month, against a $0.33 median for the 10 most similar Brooklyn plans.Schedule A Do you want to see the list of similar buildings?
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