128 Montague StBrooklyn, NY 11201

Property Details for 128 Montague St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

8,022 SF

Zone code

R7-1

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

00249-0025

APU

2490025

Description

This exceptional 1,328-square-foot retail space at 128 Montague Street in Brooklyn Heights offers a unique opportunity for a discerning business. Located in a high-foot-traffic area with numerous neighboring retail establishments, this single-tenant property boasts a desirable end-cap location with abundant natural light and significant street frontage. The space itself is thoughtfully designed with multiple rooms and a large, open showroom, perfect for a variety of uses. The landlord is open to considering diverse business concepts. A significant advantage is the inclusion of a private backyard accessible through a rear entrance, offering additional space and potential. While technically on the second floor, the building's unique design effectively positions this space as ground-floor equivalent, as evidenced in the accompanying photographs. The property's prime location provides easy access to multiple subway stations and other public transportation options, ensuring convenient access for both employees and customers. Situated in Kings County, New York, with a 11201 zip code, this property presents a compelling investment opportunity in a thriving Brooklyn neighborhood. The property is classified as retail with multi-family subtype.

• CAP approach

  CAP return

  Valuation

  6%

  $1,644,582

  6.5%

  $1,518,076

  7%

  $1,409,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,624,640

  Geo Method

  $1,624,640

• Alternative Use

  Use

  Valuation

  Residential

  $1,518,076

  Hospitality

  $1,390,550

  Educational

  $1,156,921

  Medical

  $1,196,709

  Retail

  $1,799,655

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6945

Longitude

-73.9943

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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