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    138 Montague St Brooklyn, NY 11201

    Pending
    For Sale
    $7,500,000

    Townhouse, Multi Family - Brooklyn, NY

    Type:Townhouse
    Days on Market:
    279
    Last Refresh:
    Dec 15 at 8:06 am

    Property Features for 138 Montague St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Townhouse
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    22
    Bathrooms
    22
    APN
    00249-0030
    Parking features
    On Street

    Utilities

    Heating system
    Natural Gas, Steam

    Building Details

    Year built
    1900
    Number of units
    26
    Building materials
    Block, Brick
    Architectural style
    Other

    eXp Realty (888) 276-0630 [email protected]

    Listing agent Rene Attias (888) 276-0630 License #10301220261

    Listing date Mar 12, 2025

    MLS# L3517855 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Landmark Brooklyn Heights Mixed-Use Building

    Located in the heart of Brooklyn Heights, 138 and 140 Montague Street is a landmark commercial building featuring 22 residential units and 4 commercial storefronts. This iconic asset, available for the first time in nearly 50 years, offers a net annual pro-forma income of $534,390, representing a 7.1% cap rate. The property's central location provides convenient access to trains and public transportation. The building has been meticulously maintained and features a new heating system, roof, and siding. The building size is 49 feet by 60.83 feet. This property is suitable for investors.
    Location Intelligence

    Current Use by Public Records

    Taboonette (Brooklyn Heights) Restaurant Montague Arts Inc Picture Frame Shop

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.993829978352
    Latitude
    40.6944483

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    FAQs

    What type of property is this?
    Apartment building - Iconic mixed-use building with residential units and commercial storefronts.
    Where is this apartment building located?
    The property is located at 138 Montague St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $7,500,000.
    What are key features of this property?
    This property features: - Landmark commercial building in the heart of Brooklyn Heights.; - Generates a net annual pro-forma income of $534,390 (7.1% cap).; - Features 22 residential units and 4 commercial storefronts.
    (888) 276-0630
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    138 Montague St Brooklyn, NY 11201
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    Brooklyn, NY 11201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    138 Montague St Brooklyn, NY 11201
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