11-Unit Mixed-Use Building with
130 Montague Street Brooklyn, NY 11201
130 Montague Street, Brooklyn, NY, 11201
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For Sale
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Mixed-use building with residential units and two established retail tenants, generating $414,373 in current NOI.
Property Size7,569 SF
Price / SF$725.99
Days on Market30
Property Features for 130 Montague Street
General Information
- Standard status
- Active
- Size
- 7,569 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Listing agency
Marcus & Millichap - Manhattan
Listed by
Andrew Bronsteen · License #NY10401314581
Source
Crexi
Added: Jun 22 Updated: Jul 21 at 4:40PM Checked: Jul 21 at 4:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
130 Montague Street is an 11-unit mixed-use property in Brooklyn Heights. The building includes a residential component along with two established commercial tenants.
The property is situated along Montague Street within a landmarked historic district in Brooklyn Heights. It is positioned for convenient access, with immediate proximity to multiple subway lines providing connectivity to Downtown Brooklyn and Manhattan.
According to the offering materials, the property is generating $414,373 in current NOI. A stated value-add component targets pro forma NOI of $455,942+.
The property is situated along Montague Street within a landmarked historic district in Brooklyn Heights. It is positioned for convenient access, with immediate proximity to multiple subway lines providing connectivity to Downtown Brooklyn and Manhattan.
According to the offering materials, the property is generating $414,373 in current NOI. A stated value-add component targets pro forma NOI of $455,942+.
Key Highlights
- 11‑unit mixed‑use property at 130 Montague Street with residential apartments plus two established commercial tenants
- Current NOI of $414,373 with potential to reach $455,942+ pro forma NOI
- Mixed‑use income includes both retail tenant income and residential apartment income
Local Financial Insights For Retail
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 | $588.6k | $77.76 |
| − Vacancy | −$70.0k | −$9.25 |
| EGI | $518.5k | $68.51 |
| − OpEx | −$155.6k | −$20.55 |
| NOI | $363.0k | $47.95 |
7,569 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.19M
$4.54M – $6.05M
NOI $362,968 @ 7.0% cap · market cap 6.61%
Second Best
Mixed Use
$3.93M
$3.43M – $4.58M
NOI $274,755 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$6.27M
$5.48M – $7.31M
NOI $438,699 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Posh Nails
Nail Salon
Auto Transport Nationwide ...
Freight Service
European Wax Center
Spa & Massage Center
Dashing Diva
Nail Salon
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FAQs
What type of property is this?
Mixed-use property - Mixed-use building with residential units and two established retail tenants, generating $414,373 in current NOI.
Where is this mixed-use property located?
The property is located at 130 Montague Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,495,000.
What are key features of this property?
This property features: 11‑unit mixed‑use property at 130 Montague Street with residential apartments plus two established commercial tenants; Current NOI of $414,373 with potential to reach $455,942+ pro forma NOI; Mixed‑use income includes both retail tenant income and residential apartment income
