Updated Sep 16, 2026
Elie Scharf Of Habitat Living Acquires Multifamily Property In Cobble Hill For $3.7M
291 Baltic Street
$3,700,000
$1,218/SF
Building Size
3,036 SF
Asset Type
MultiFamily
Closing
Sep 8, 2026
About this deal
AI
A multifamily property located at 291 Baltic Street in Cobble Hill, Brooklyn, has been sold for $3,700,000. The property encompasses 3,036 square feet, equating to a price per square foot of $1,219.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,700,000
- Square Footage: 3,036
- Price Per Square Foot: $1,219
- Buyer: Elie Scharf - Habitat Living
- Seller: Jeffrey A. Thomas & Mary Harmon Thomas
- Market: Cobble Hill, Brooklyn
Elie Scharf, representing Habitat Living, completed the acquisition of the multifamily property from sellers Jeffrey A. Thomas and Mary Harmon Thomas. The transaction took place on September 8, 2026.
On the Map
$3,700,000
$1,218/SF
MultiFamily
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Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93