Sales Moving Along at 378 Baltic

The 11-story tower on Baltic street that caused a kerfuffle for rising so far about its low-rise neighbors went on sale in May. Baltic Tower's 36 units include one- and two-bedrooms ranging from 608 to 831 square feet. Clearly, size is not the big draw, but they can certainly brag about one thing: views. Though Streeteasy shows 10 units in contract, the folks at Prudential Douglas Elliman who are handling the building sent this update: "We've only been open about 3 1/2 months are getting close to 50% mark in contract!" Open houses still abound, with special events like "Bellinis on Baltic," a sushi lunch for prospective buyers.
Baltic Tower [Official Site] GMAP
Baltic Street Tower Comes to Market [Brownstoner]
Chan Still Putting Up 11 Stories on Baltic [Brownstoner]
Baltic Street Update: Chan Engages Critics [Brownstoner]
Baltic Bigtime: Negotiating a Tower in Boerum Hill [Brownstoner]

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I can't believe there's even 1 unit in contract!

Posted by: Whoops Johnny at November 11, 2008 10:47 AM

18 units would be 50 percent mark. 10 is "close" to 18, the way that Bushwick is "almost" Williamsburg.

Agree with WJ.

Posted by: BrooklynButler at November 11, 2008 10:53 AM

Surprising that the real thing looks completely unlike the rendering. Where did the "wings" near the top go?

Posted by: neilw at November 11, 2008 11:21 AM

Streeteasy is wrong.
They have some great information but I often found that they are inaccurate regarding with 'in contract' info. I don't blame SE. Unless it closes, in contract info is hard to achieve with 100% accuracy. Some of it are educational guesses.

Posted by: crimsonson at November 11, 2008 11:29 AM

Also, most new developments release units incrementaly over time. For instance they could have released 20 units on the market and sold 10, hence the 50%.

This is a deceptive practice that almost everyone employes in their marketing efforts. To get a better gage, know the number of total units in the building and do your own math.

Posted by: kdabrowski at November 11, 2008 11:55 AM

This building reminds me of those ugly buildings in my hometown, Sao Paulo, Brazil.

Posted by: Dora Chica at November 11, 2008 12:51 PM

Ugly building on ugly block. Why would anyone buy anything there? The Gowanus Houses look nicer.

Posted by: BH76 at November 11, 2008 1:19 PM

This place is hideous. Went for the first open house and already the cheap wallpaper meant to look like wood paneling in the lobby was peeling off. Even better, instead of building useful closets, they'd slapped in some dinky Ikea looking units in the apartments. Best of all? One elevator in that building that I saw. That'll be practical for that many units.

Posted by: RaginCajun at November 11, 2008 4:23 PM

Anyone know what the crime level is like on this block? There's this development and the 360 Baltic House condos - but is the street a concern? I see that there are projects at Hoyt Street and a high school at Baltic and Smith. Thoughts?

Posted by: merabelle at April 15, 2009 7:09 PM

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November 11, 2008

Sales Moving Along at 378 Baltic

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