659 Baltic Condominium
659 Baltic Street, Brooklyn, NY 11217
Overview
- Units
- 4 residential
- Subway
- 5 min walk to Bergen St 2 3Atlantic Av-Barclays Ctr 2 3 4 5 B D N Q R, 7 min
- Developer
- One Way Group LLC
- Principals
- Albert Cabbad
- Offering price
- $5.17 million total
- Floor plans
- Page 4 of the plan
The sponsor of record is Cabbad Co., LLC, represented by Law Offices Of E. Michael Rosenstock, P.C.. The offering plan runs 304 pages. The sponsor has filed 2 amendments, the latest in October 2024. The nearest other condo plan on file is 657 Baltic Condominium, next door.
Plan CD220160 · Rehab · accepted Oct 10, 2023 · AG record ↗
Compare
| Figure | This building1 | Jefferson Gardens24 units · 1.4 miaccepted 2024 | 262 17th34 units · 1.3 miaccepted 2024 |
|---|---|---|---|
| Average Offering PricePer Apartment | $1.29MBelow peers | $1.33M | $1.3M |
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Unit mix, closings, budgets, finishes and the team, against Jefferson Gardens and 262 17th, cited to the offering plans. No credit card required.
Create a free accountHow We Got This
- Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
- Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
- Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
- Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.
Closings Pro
| Homes closed100% of the homes in the plan | 4 of 4 |
| Closingsfirst and latest recorded | Sep 24, 2024 – Jul 6, 2026 |
Sales recorded with the Department of Finance (ACRIS) through Aug 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.
All 4 closings
| Home | Recorded | Closing price | Schedule A | Difference |
|---|---|---|---|---|
| 2 | Sep 24, 2024 | $1,247,356 | — | — |
| 4 | Sep 25, 2024 | $1,359,364 | — | — |
| 1 | Jul 24, 2025 | $1,475,000 | — | — |
| 3 | Jul 6, 2026 | $1,225,000 | — | — |
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Closings are for subscribers
Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.
Budget
From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size
Team
- Sponsor
- Cabbad Co., LLC
- Developer
- One Way Group LLC
- Principals
- Albert Cabbad
- Tax estimate
- MGNY ConsultingPrepared the first-year real estate tax projection
- Construction lender
- First Republic BankLender on the mortgage and building loan agreement recorded April 2018 in ACRIS; $2.54 million recorded
From our research: Do NYC Developers Rehire the Same Firms?
Nearby
- 657 Baltic Condominiumnext door · 4 units · 2022
- 655 Baltic Street Condominiumnext door · 4 units · 2026
- 643 Baltic Street Condominiumnext door · 3 units · 2025
- 668 Baltic Street Condominiumnext door · 3 units · 2024
- 656 Baltic Street Condominiumnext door · 3 units · 2009
- 647 Warren Street Condominiumnext door · 3 units · 2019