Matt Beer paid $6M to Sa Baltic, LLC

Matt Beer through Dtbg 370 Baltic Street Owner LLC paid Sa Baltic, LLC $6.3 million for 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 8 residential units at 370 Baltic Street in Carroll Gardens. The deal closed on July 29, 2019 and was recorded on August 28, 2019. The parcel(s) have total development potential of 6,960 square feet.
The average sale price per square foot is $904.
The estimated cap rate is 3.4%
The last time the property sold was March 08, 2016, for $2,900,000.

Over the past five years, there have been 3 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000. There were 3 renovation/alteration projects (A2) applied for with a total estimated value of $700,900.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link