489 Baltic Street

Owner: Vipul Patel

Acquired: May 06, 2025, $8.1 million

Debt: October 13, 2020, $5.8 million

Built: 2016

SF: 14,184

Dwelling units: 0

No. of buildings: 1

Class: Transient Occupancy-Midtown Mn Area (H3)

Floors: 4

Legacy BBLs: 3003990045

Transactions:

• Company sold 489 Baltic Street, Boerum Hill, Brooklyn for $8.1 million to Vipul Patel on May 06, 2025.

• Company sold 483 Baltic Street and 196 Nevins Street, Boerum Hill, Brooklyn for $0 to company on September 22, 2022.

• Rahul Bijlani borrowed $5.8 million from State Bank of Texas for 483 Baltic Street, Boerum Hill, Brooklyn on October 13, 2020.

Development:

• Alec Shtromandel filed plans for A3 in Boerum Hill, Brooklyn, on November 18, 2014.

• Alec Shtromandel filed plans for new building for 9,968 sqft in Boerum Hill, Brooklyn, on July 15, 2014.

• Dominick Trezovli filed plans for major alteration in Boerum Hill, Brooklyn, on December 20, 2005.

• Alec Shtromandel filed plans for alteration in Boerum Hill, Brooklyn, on July 21, 2014.

• Dominick Terzuoli filed plans for alteration in Boerum Hill, Brooklyn, on April 04, 2014.

Violations:

According to city public data, the properties have received $3,400 in OATH penalties in the last year.