144 Montague StBrooklyn, NY 11201

Property Details for 144 Montague St

Year built

1900

Lot size

0.06 AC

Property size (Sq ft)

6,500 SF

Zone code

R7-1

Property type

Investment properties

Property subtype

Live-work space

APN

00249-0033

APU

2490033

Description

This exceptional Class A retail space, located at 144 Montague Street in Brooklyn, NY, presents a unique investment opportunity. The property boasts a prominent 20-foot storefront on one of Brooklyn Heights' most desirable blocks, ensuring high visibility and foot traffic. The single-tenant space comprises 2,500 square feet within a larger 6,500 square foot building, offering ample room for a variety of retail businesses. Built in 1900, the four-story building is situated on a 2,500 square foot lot. The property's prime location offers unparalleled access to public transportation, with its proximity to the Court Street/Borough Hall station, which sees over 10 million annual riders. This strategic location places the business within easy reach of a large and diverse customer base. Surrounding businesses include established national brands such as TD Bank, Chase Bank, and Duane Reade, as well as popular local businesses like Barry's Bootcamp and City MD, indicating a thriving commercial environment. The asking rent is $17,500 per month. While there are no elevators in the building, the property's location and high-traffic area make it an ideal space for a variety of retail uses. This is a rare opportunity to secure a retail space in a highly sought-after Brooklyn Heights location. The property is located in Kings County, New York, with a zip code of 11201.

• CAP approach

  CAP return

  Valuation

  6%

  $1,074,644

  6.5%

  $991,979

  7%

  $921,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $849,290

  Geo Method

  $849,290

• Alternative Use

  Use

  Valuation

  Residential

  $1,230,054

  Hospitality

  $1,126,723

  Educational

  $937,420

  Medical

  $969,660

  Retail

  $1,458,210

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6944

Longitude

-73.9936

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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