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181-183 Montague St 10,315 SF Retail Building Brooklyn, NY 11201 For Sale
Executive Summary
181 Montague Street offers the rare opportunity to own stabilized cash-flowing retail in a landmarked
building located along the historic Montague Street Bank Row in Brooklyn Heights. The Property is located
on the north side of Montague Street, in between Clinton Street and Court Street. 181 Montague Street is net
leased to the national credit tenant TD Bank and totals ~10,000 SF. The Property is perfectly located along
the most trafficked area of the Montague Street retail corridor which services the surrounding neighborhood
as well as Downtown Brooklyn. Brooklyn Heights has emerged as one of the top neighborhoods in all of
NYC. Transportation access, neighborhood feel, and Manhattan-like amenities are just a few reasons for
this surge in demand. As overall popularity has grown in Brooklyn Heights, so has the residential and retail
market, with per foot rentals in the residential market leasing north of $100 / SF and luxury condos selling
above $2,000 SF. Neighborhood retail favorites in Brooklyn Heights include Felice, Ingas Bar, Dellarocco’s,
and L’Appartement 4F. Adjacent tenants to the Property (between Clinton Street and Court Street) include
Gregory’s Coffee, Barry’s Fitness, Flushing Bank, Santander Bank, Chipotle, Citizens Bank, and Chase Bank
As demographics within the neighborhood continue to strengthen, so will the migration of retailers, as it has
already become a top retail market in all of New York City.
building located along the historic Montague Street Bank Row in Brooklyn Heights. The Property is located
on the north side of Montague Street, in between Clinton Street and Court Street. 181 Montague Street is net
leased to the national credit tenant TD Bank and totals ~10,000 SF. The Property is perfectly located along
the most trafficked area of the Montague Street retail corridor which services the surrounding neighborhood
as well as Downtown Brooklyn. Brooklyn Heights has emerged as one of the top neighborhoods in all of
NYC. Transportation access, neighborhood feel, and Manhattan-like amenities are just a few reasons for
this surge in demand. As overall popularity has grown in Brooklyn Heights, so has the residential and retail
market, with per foot rentals in the residential market leasing north of $100 / SF and luxury condos selling
above $2,000 SF. Neighborhood retail favorites in Brooklyn Heights include Felice, Ingas Bar, Dellarocco’s,
and L’Appartement 4F. Adjacent tenants to the Property (between Clinton Street and Court Street) include
Gregory’s Coffee, Barry’s Fitness, Flushing Bank, Santander Bank, Chipotle, Citizens Bank, and Chase Bank
As demographics within the neighborhood continue to strengthen, so will the migration of retailers, as it has
already become a top retail market in all of New York City.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
10,315 SF
Building Class
B
Year Built
1904
Tenancy
Single
Building Height
3 Stories
Building FAR
2.06
Lot Size
0.11 AC
Zoning
DB (C5-2A) - *No air-rights are included in the transaction
Frontage
50’ on Montague Street
Amenities
- Banking
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00244-0015 | Improvements Assessment | $1,011,150 |
| Land Assessment | $495,900 | Total Assessment | $1,507,050 |
Property Taxes
Parcel Number
00244-0015
Land Assessment
$495,900
Improvements Assessment
$1,011,150
Total Assessment
$1,507,050
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