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71 Montrose Avenue, Brooklyn, NY, 11206
Brooklyn Mixed-Use Industrial Building

71 Montrose Avenue Brooklyn, NY 11206

For Sale
$4,500,000

COMMERCIAL - Brooklyn, NY

Property Size8,200 SF
Lot Size0.06 Acres
Price / SF$548.78
Days on Market1116

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
Listing Agency: Trademarko Realty Inc
Listed By: Marek Sobolewski · License #10311207231
Added: Jul 4, 2023 Changed: Apr 15 Last Checked: Jul 23 at 2:06PM
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.


Investment Insights

Based on property information with market context.

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'.

Key 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

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
Industrial
$2.08M
$1.82M – $2.43M (±1% cap)
NOI $145,880 @ 7.0% cap · market cap 3.24%
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 Analytics

Property Profile Location Intelligence

Current Use by Public Records

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

Suggested Use

Law Firm Nursing Home Nursing Home Veterinary Clinic Pet Grooming Service (Bike/Boat/Book/etc) Store Adult Day Care Acupuncture Auto Parts Store Restaurant

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

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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