130 Montague St - Apartments FOR SALE


Brooklyn, NY 11201- Brooklyn Heights
$5,495,000 USD
718-475-4300
130 Montague St, Brooklyn, NY for Sale
$5,495,000 USD
Apartments - FOR SALE
1/33
null | 7.5% Cap Rate

130 Montague St
Brooklyn, NY 11201
Brooklyn Heights


HIGHLIGHTS

  • 11-Unit Mixed-Use Asset with Two Established Commercial Tenants & 9 Residential Apartments
  • Strong In-Place Cash Flow generating $414,373 Current NOI | 7.5% In-Place Cap Rate at $5,495,000 Asking Price
  • Clear Value-Add Opportunity with Residential Units rented approximately 17–40% Below Market | $455,942+ Pro Forma NOI
  • Located within an Opportunity Zone, offering potential Long-Term Tax Advantages & Embedded Appreciation Potential
  • Positioned along the Premier Montague Street Retail Corridor in Brooklyn Heights — NYC’s First Landmarked Historic District
  • Steps from the Borough Hall Station (2/3/4/5/r Trains)

OVERVIEW

The New York Multifamily Group at Marcus & Millichap is pleased to exclusively present 130 Montague Street, an 11-unit mixed-use property located along the premier retail corridor of Brooklyn Heights — New York City’s first landmarked historic district. The asset features two established commercial tenants and a collection of residential apartments, generating $414,373 in current NOI with a clear value-add opportunity to achieve $455,942+ pro forma NOI. Positioned on highly coveted Montague Street, the property benefits from exceptional foot traffic, affluent demographics, and one of the strongest neighborhood retail corridors in Brooklyn. Surrounded by national and boutique retailers, premier dining, and luxury residential housing, 130 Montague Street offers investors durable in-place cash flow within an irreplaceable brownstone neighborhood. The offering presents a rare opportunity to acquire a trophy mixed-use asset in one of New York City’s most supply-constrained submarkets, with additional upside through mark-to-market opportunities and continued long-term growth in both the retail and residential income streams. The property also benefits from outstanding accessibility, with immediate proximity to multiple subway lines providing seamless connectivity to Downtown Brooklyn, Manhattan, and the greater New York City area.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$726 USD /SF

# OF UNITS

11

PRICE/UNIT

$499,545

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R7-1

APN/PARCEL ID

00249-0026

ASK ABOUT THIS PROPERTY

Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

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Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.