107 Montague St
Brooklyn, NY 11201
Retail Property For Sale

Douglas Elliman has been engaged on an exclusive basis to arrange for the sale of 107 Montague Street, a prime mixed-use commercial/residential property on the popular main street of Brooklyn Heights, one of New York's most affluent neighborhoods. The five-story building contains 2,750 total square feet of usable commercial space on two levels plus a garden/backyard. The commercial space will be delivered vacant. Above the commercial space are nine fully-occupied rent-stabilized apartments, served by a modern elevator. The building is located on Montague Street and across the street from the former Bossert Hotel, which is being renovated as a 280 room luxury hotel. The Bossert, once known as "Brooklyn's Waldorf Astoria," was the site of the Brooklyn Dodgers' World Series celebration in 1956. The building is located one block from the famed Brooklyn Heights Promenade, with easy access to the thriving Brooklyn Bridge Park. 107 Montague Street has been well-maintained and improved by its owners over the last 20 years. Most of the rental apartments have been renovated during that time. The building is an excellent, well-diversified investment in a historic landmark district which continues to draw affluent families and throngs of tourists, resulting in some of the most sought-after real estate in New York City.