For Sale
$5,000,000

144 Montague St Brooklyn, NY 11201

Prime Brooklyn location, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional five-story, 7,250 square foot mixed-use building in Brooklyn Heights presents a compelling value-add investment opportunity. Boasting a 100% occupancy rate across five units – three residential apartments and two commercial spaces – this property generates substantial cash flow. Located on Montague Street, it benefits from 25 feet of frontage along this vibrant retail corridor, and enjoys excellent proximity to multiple subway lines (Court Street 'R', Borough Hall '2, 3, 4 & 5', and Jay Street Metrotech 'A, C, F & R'). The building sits on a 2,500 square foot lot and is zoned R7-1, C1-3, LH-1, offering flexibility for future development. Current residential rents average $75-$90 per square foot, while retail rents average $100-$125 per square foot, indicating strong potential for rental income growth. The asking price is $5,000,000, translating to $689.66 per square foot. This property is a rare find in the highly sought-after Brooklyn Heights Historic District, offering a blend of immediate income and long-term appreciation potential. The building's dimensions are 25 x 52 feet, with a 30-foot extension on the ground floor. This presents a unique opportunity for savvy investors seeking a strong return on investment in a prime Brooklyn location.

Highlights

  • $5,000,000 asking price for a 7,250 SF mixed-use building in Brooklyn Heights.
  • 100% occupancy with 2 commercial and 3 residential units.
  • Prime location: one block from the R train, two blocks from the 2, 3, 4 & 5 trains, and five blocks from the A, C, F & R trains.
  • 25 feet of frontage on the Montague Street retail corridor.
  • Zoned R7-1, C1-3, LH-1.

Property Details for 144 Montague St

Property type
Mixed-use properties
Square Feet
7,250 SF
Stories
5
Units
5

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6943727
Longitude
-73.9935915
144 Montague St, Brooklyn, New York

FAQs

What type of property is this?
Mixed-use property - Prime Brooklyn location, high ROI potential.
Where is the mixed-use property located?
The property is located at 144 Montague St Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: $5,000,000 asking price for a 7,250 SF mixed-use building in Brooklyn Heights.; 100% occupancy with 2 commercial and 3 residential units.; Prime location: one block from the R train, two blocks from the 2, 3, 4 & 5 trains, and five blocks from the A, C, F & R trains.
How can I contact the broker?
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144 Montague St
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