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    Brooklyn Mixed-Use Industrial Building Title is generated by Realmo AI

    71 Montrose Avenue, Brooklyn, NY 11206

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    Claim this Listing
    For Sale
    $4,500,000

    COMMERCIAL - Brooklyn, NY

    Property size:
    8,200 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $548/SF
    Added:
    Jul 4, 2023
    Days on Market:
    1071
    Last Refresh:
    Jun 8 at 7:06 am

    Property Features for 71 Montrose Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    R6
    Parking
    2
    Standard status
    Active
    APN
    03050-0030
    Size
    8,200 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    31051

    Building Details

    Year built
    1920
    Floors in Building
    4

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    Listing Contact
    Marek Sobolewski

    Listing agent Marek Sobolewski License #10311207231

    Listing office Trademarko Realty Inc 6832 Forest Ave, Ridgewood, NY

    Listing date Jul 4, 2023

    MLS# L3489221

    Copyright © 2026 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.

    HighLights

    • Favorable zoning for residential (Roof Garden) and commercial use
    • Double‑wide truck parking/loading dock, suitable as showroom/event space
    • Unique rooftop garden (approx. 1000 sq ft) with penthouse office
    • Grandfathered industrial usage offers flexible conversion options
    • Spacious 8,200 sq ft interior with 12- to 14‑foot ceilings and freight elevator
    • Excellent location near L, M, J, and G subway lines

    Overview

    This four-story, 8,200-square-foot industrial building in Brooklyn dates back to the 1920s. The property features favorable zoning that allows for both residential and commercial use. The building includes a double-wide truck parking/loading dock, suitable for vehicles or use as a showroom, gallery, store, or event space. It has a 25-foot width and 12- to 14-foot-high ceilings throughout. Currently used as a film/photographic production facility, it can be delivered vacant. The building's usage is grandfathered in as industrial but has a residential zoning which allows conversion to residential, mix used and or Industrial commercial. It offers a multi dynamic space. The property includes a 13 feet roll-up gate, parking for two trucks, a stainless steel freight elevator, and vintage graphics on the front facade. It also features a private rooftop garden connected to a penthouse office space. The rooftop garden has approximately 1000 ft and is sitting on a solid concrete roof that could support the capacity and weight of around hundred people. A smaller front rooftop garden overlooks a wide street and city park. The building is located in the hub of cultural Renaissance of Brooklyn, surrounded by vibrant Greenpoint, Bushwick, downtown Manhattan, Bed-Stuy, Fort Greene. Multiple transportation options are available, including three separate subways (L, M & J, and G train), bicycle access to surrounding areas, and street parking. The L train stop (Montrose Avenue) is 4 blocks away; the M & J train stop (Lorimer Street) and the G train (Broadway stop) are each a block and a half away. The lot size is 0.0574 acres, and the building size is 25' x 100'.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $541.2k $66.00
    − Vacancy −$64.9k −$7.92
    EGI $476.3k $58.08
    − OpEx −$178.6k −$21.78
    NOI $297.7k $36.30
    8,200 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $4.25M
    $3.72M – $4.96M (±1% cap)
    NOI $297,660 @ 7.0% cap · market cap 6.61%
    Second Best
    Office B
    $2.92M
    $2.56M – $3.41M (±1% cap)
    NOI $204,574 @ 7.0% cap · market cap 4.55%
    Theoretical Best
    Specialty Retail
    $6.79M
    $5.94M – $7.92M (±1% cap)
    NOI $475,272 @ 7.0% cap · market cap 10.56%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brooklyn Optics (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.947184
    Latitude
    40.707189

    FAQs

    What type of property is this?
    Mixed-use property - Four-story, 8,200 SF mixed-use building with flexible zoning.
    Where is this mixed-use property located?
    The property is located at 71 Montrose Avenue Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Favorable zoning for residential (Roof Garden) and commercial use; Double‑wide truck parking/loading dock, suitable as showroom/event space; Unique rooftop garden (approx. 1000 sq ft) with penthouse office
    More about this property
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