Brooklyn Mixed-Use Industrial
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
(718) 502-5141
Listed By:
Marek Sobolewski · License #10311207231
(718) 710-8170
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
NOI $297,660 @ 7.0% cap · market cap 6.61%
Second Best
Industrial
$2.08M
$1.82M – $2.43M
NOI $145,880 @ 7.0% cap · market cap 3.24%
Theoretical Best
Specialty Retail
$6.79M
$5.94M – $7.92M
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
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