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21 Montrose Ave
Brooklyn, NY 11206
Multifamily Property For Sale
·
34 Units
Investment Highlights
- Following the June 2025 tax abatement expiration, the building has transitioned to free-market status.
- Assumable $10,034,203 loan, fixed-rate at 3.48%, maturing in July of 2032.
- Building amenities include a communal rooftop terrace, fitness center, on-site storage, a fully secure bike room, and parking garage.
- Exempt from Good Cause Eviction, allowing ownership to capture immediate mark-to-market upside.
- Unit amenities include stainless steel appliances, central climate control systems, floor-to-ceiling windows, and in-unit washer & dryer.
- The asset is centrally located near Broadway, Lorimer Street and Montrose Avenue stations, providing direct access to the L,J,M, and G subway lines.
Executive Summary
21-25 Montrose Avenue presents a rare opportunity to acquire a 34-unit free-market multifamily asset in the heart of Williamsburg, Brooklyn. This seven-story elevator building spans approximately 29,250 square feet and offers a desirable mix of six one-bedroom and twenty-eight two-bedroom apartments, each featuring modern finishes such as stainless steel appliances, in-unit washer and dryer, and floor-to-ceiling windows.
The property benefits from a recently transitioned free-market status following the expiration of its tax abatement in June 2025, positioning new ownership to capture immediate mark-to-market upside. Additionally, the building is exempt from Good Cause Eviction, further enhancing revenue potential. An assumable $10,034,203 loan at a fixed 3.48% interest rate, maturing in July 2032, provides an attractive financing option for investors.
Residents enjoy premium amenities including a communal rooftop terrace with skyline views, a fitness center, secure bike room, on-site storage, and a parking garage. Located just steps from Broadway and Lorimer Street subway stations, the property offers seamless access to the J, M, and G lines, ensuring quick connectivity to Manhattan, Long Island City, and other key destinations.
This offering combines strong in-place income with significant upside potential in one of Brooklyn’s most dynamic neighborhoods, making it an exceptional investment opportunity.
The property benefits from a recently transitioned free-market status following the expiration of its tax abatement in June 2025, positioning new ownership to capture immediate mark-to-market upside. Additionally, the building is exempt from Good Cause Eviction, further enhancing revenue potential. An assumable $10,034,203 loan at a fixed 3.48% interest rate, maturing in July 2032, provides an attractive financing option for investors.
Residents enjoy premium amenities including a communal rooftop terrace with skyline views, a fitness center, secure bike room, on-site storage, and a parking garage. Located just steps from Broadway and Lorimer Street subway stations, the property offers seamless access to the J, M, and G lines, ensuring quick connectivity to Manhattan, Long Island City, and other key destinations.
This offering combines strong in-place income with significant upside potential in one of Brooklyn’s most dynamic neighborhoods, making it an exceptional investment opportunity.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 34 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 29,250 SF |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2008 |
| Zoning | R6 - R6 is a medium-density residential zoning district. | ||
| Sale Type | Investment |
| No. Units | 34 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 29,250 SF |
| No. Stories | 7 |
| Year Built | 2008 |
| Zoning | R6 - R6 is a medium-density residential zoning district. |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
Property Taxes
| Parcel Number | 03049-0043 | Improvements Assessment | $2,837,250 |
| Land Assessment | $202,500 | Total Assessment | $3,039,750 |
Property Taxes
Parcel Number
03049-0043
Land Assessment
$202,500
Improvements Assessment
$2,837,250
Total Assessment
$3,039,750
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