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33809207
33809229

130 Montague Street, Brooklyn, NY 11201-3573 For Sale

AB
NY NY10401314581
Marcus & Millichap - Manhattan
MS
NY 10301216098
Marcus & Millichap - Manhattan
WC
NY 10991214643
Marcus & Millichap - Manhattan
Marcus & Millichap Brooklyn
Listed by Marcus & Millichap - Manhattan, Marcus & Millichap Brooklyn
$5,495,000
31 days on market
Updated 30 days ago
Opportunity zone

130 Montague Street

Details
Property Type Retail, Multifamily (+1)
Sub Type Shopping Center, Apartment Building
Square Footage 7,569
Units 11
Cap Rate 7.50%
NOI $414,373
Tenancy Multi
Pro-Forma Cap Rate 8.30%
Pro-Forma NOI $455,942
Price per SqFt $726
Buildings 1
Stories 4
Lot Size (SqFt) 2,500
Zoning R7-1, C1-3, LH-1
Investment Type Value Add

Retail | 7.50% CAP | 7,569 SqFt

Marketing description

The New York Multifamily Group at Marcus & Millichap is pleased to exclusively present 130 Montague Street, an 11-unit mixed-use property located along the premier retail corridor of Brooklyn Heights — New York City's first landmarked historic district. The asset features two established commercial tenants and a collection of residential apartments, generating $414,373 in current NOI with a clear value-add opportunity to achieve $455,942+ pro forma NOI.

Positioned on highly coveted Montague Street, the property benefits from exceptional foot traffic, affluent demographics, and one of the strongest neighborhood retail corridors in Brooklyn. Surrounded by national and boutique retailers, premier dining, and luxury residential housing, 130 Montague Street offers investors durable in-place cash flow within an irreplaceable brownstone neighborhood.

The offering presents a rare opportunity to acquire a trophy mixed-use asset in one of New York City's most supply-constrained submarkets, with additional upside through mark-to-market opportunities and continued long-term growth in both the retail and residential income streams. The property also benefits from outstanding accessibility, with immediate proximity to multiple subway lines providing seamless connectivity to Downtown Brooklyn, Manhattan, and the greater New York City area.

Investment highlights

  • 11-Unit Mixed-Use Asset with Two Established Commercial Tenants & 9 Residential Apartments
  • Strong In-Place Cash Flow generating $414,373 Current NOI | 7.5% In-Place Cap Rate at $5,495,000 Asking Price
  • Clear Value-Add Opportunity with Residential Units rented approximately 17–40% Below Market | $455,942+ Pro Forma NOI
  • Located within an Opportunity Zone, offering potential Long-Term Tax Advantages & Embedded Appreciation Potential
  • Positioned along the Premier Montague Street Retail Corridor in Brooklyn Heights — NYC's First Landmarked Historic District
  • Steps from the Borough Hall Station (2/3/4/5/r Trains), Brooklyn Bridge Park, the Brooklyn Heights Promenade & multiple Ferry and Subway Lines providing seamless connectivity to Manhattan and Downtown Brooklyn

Listing Contacts

AB
NY NY10401314581
Marcus & Millichap - Manhattan
MS
NY 10301216098
Marcus & Millichap - Manhattan
WC
NY 10991214643
Marcus & Millichap - Manhattan
Marcus & Millichap Brooklyn
Listed by Marcus & Millichap - Manhattan, Marcus & Millichap Brooklyn

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$414,373.00
$34,531.08/mo

Valuation Metrics

0
DSCR
7.54%
Cap Rate
7.54%
ROI

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Additional Information

Name
Andrew Bronsteen
License
NY10401314581
Brokerage
Marcus & Millichap
Title
Licensed Salesperson
Brokerage Address
260 Madison Avenue
Name
Mike Salvatico
License
10301216098
Name
William Carbonari
License
10991214643
Brokerage
Marcus & Millichap
Brokerage Phone
2124305192
Title
Associate
Brokerage Address
260 Madison Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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