394 Montgomery St | Brooklyn, NY 11225
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- LoopNet Team
394 Montgomery St
Brooklyn, NY 11225
Multifamily Property For Sale
·
43 Units
Investment Highlights
- 4-story walkup with 100’ frontage near Prospect Park and subway lines (2,3,4,5,S)
- 8.49x GRM
- close proximity to the Franklin Ave retail corridor and multiple large development sites
- upside in preferential leases totaling over $63k/year
- efficient unit mix of (31) 1-bedroom, (10) 2-bedroom, and (2) 3-bedroom
Property Facts
| No. Units | 43 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 30,700 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built | 1925 |
| Zoning | R7-1 - Permits medium-density residential development, primarily for apartment buildings. | ||
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 30,700 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1925 |
| Zoning | R7-1 - Permits medium-density residential development, primarily for apartment buildings. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
| 2+1 | 10 | - | - |
| 3+1 | 2 | - | - |
Property Taxes
| Parcel Number | 01305-0029 | Improvements Assessment | $1,269,000 |
| Land Assessment | $85,050 | Total Assessment | $1,354,050 |
Property Taxes
Parcel Number
01305-0029
Land Assessment
$85,050
Improvements Assessment
$1,269,000
Total Assessment
$1,354,050
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