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130 Montague St 11 Unit Apartment Building $5,995,000 ($545,000/Unit) 6.60% Cap Rate Brooklyn, NY 11201
INVESTMENT HIGHLIGHTS
- This elegant building is in excellent condition, reflecting the pride of ownership and care that has preserved its value over time
- Its location, just steps from the Brooklyn Heights Promenade, world-class dining, and multiple subway lines
- With a diverse mix of commercial and residential tenants, 130 Montague Street delivers both stability and long-term appreciation potential
- Makes it a prime investment for those seeking a trophy asset in one of Brooklyn’s most prestigious enclaves
EXECUTIVE SUMMARY
Located in the heart of Brooklyn Heights, 130 Montague Street presents a rare opportunity to own a premier mixed-use building in one of Brooklyn’s most coveted neighborhoods. This well-maintained property features two full floors of prime retail space, offering exceptional street frontage on a bustling corridor known for its strong foot traffic and vibrant commercial scene. Above the retail, nine residential apartments provide steady income in a highly desirable rental market, benefiting from the neighborhood’s charm, historic appeal, and unmatched accessibility to Manhattan and the rest of Brooklyn.
PROPERTY FACTS
| Price | $5,995,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $545,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.60% | Building Size | 7,569 SF |
| No. Units | 11 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R7-1 - R7 districts are medium-density apartment house districts | ||
| Price | $5,995,000 |
| Price Per Unit | $545,000 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 7,569 SF |
| No. Stories | 4 |
| Year Built | 1900 |
| Opportunity Zone |
Yes |
| Zoning | R7-1 - R7 districts are medium-density apartment house districts |
AMENITIES
UNIT AMENITIES
- Heating
- Eat-in Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | - | - |
1 1
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 00249-0026 | Improvements Assessment | $1,269,450 |
| Land Assessment | $337,500 | Total Assessment | $1,606,950 |
PROPERTY TAXES
Parcel Number
00249-0026
Land Assessment
$337,500
Improvements Assessment
$1,269,450
Total Assessment
$1,606,950
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130 Montague St
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