Four-Story Retail Office
For Sale
Contact for pricing
158 Montague St, Brooklyn, NY 11201
Four-story building with ground-floor retail and near-term lease expirations, offered for the first time in decades.
Property Size6,025 SF
Price / SF$796.68
Days on Market19
Property Features for 158 Montague St
General Information
Standard status
Active
Size
6,025 SF
Property subtype
OFFICE
Listing Agency:
RIPCO Real Estate - Queens
(516) 647-7155
Listed By:
Stephen R. Preuss
(516) 647-7155
Source:
Moodyscre
Added: Jul 14
Changed: Jul 27
Last Checked: Jul 31 at 11:19AM
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 RIPCO Real Estate - Queens
Investment Insights
Based on property information with market context.
158 Montague Street is a four-story retail and office building totaling 6,000+ square feet, offered for sale for the first time in nearly six decades. The property is privately held and has been partially owner-occupied since 1968. Near-term lease expirations provide flexibility for a new owner to evaluate and implement repositioning strategies.
The building is positioned on Montague Street in direct proximity to Borough Hall and close to the Brooklyn Heights Promenade and Brooklyn Bridge Park, with access to five subway lines (2/3/4/5/A/C/R). Co-tenants along the corridor include Starbucks, Chipotle, and local staples such as Lassen & Hennigs, L’Appartment 4F, and Dellarocco’s.
The ground-floor retail lease expires in Q3 2028, and the current rent is described as being below prevailing market rents. The property is located within the Brooklyn Heights Historic District, where new development is described as structurally capped across the submarket; the remarks also reference potential vertical expansion with as-of-right air rights.
The building is positioned on Montague Street in direct proximity to Borough Hall and close to the Brooklyn Heights Promenade and Brooklyn Bridge Park, with access to five subway lines (2/3/4/5/A/C/R). Co-tenants along the corridor include Starbucks, Chipotle, and local staples such as Lassen & Hennigs, L’Appartment 4F, and Dellarocco’s.
The ground-floor retail lease expires in Q3 2028, and the current rent is described as being below prevailing market rents. The property is located within the Brooklyn Heights Historic District, where new development is described as structurally capped across the submarket; the remarks also reference potential vertical expansion with as-of-right air rights.
Key Highlights
- Four‑story 6,000+ SF retail and office building with near‑term lease expirations, offering immediate optionality for the next owner.
- Ground‑floor retail lease expires Q3 2028; current rent is stated to be well below prevailing market rents.
- Partially owner‑occupied since 1968 and first time to market in nearly six decades.
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 | $468.5k | $77.76 |
| − Vacancy | −$55.8k | −$9.25 |
| EGI | $412.8k | $68.51 |
| − OpEx | −$123.8k | −$20.55 |
| NOI | $288.9k | $47.95 |
6,025 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.13M
$3.61M – $4.82M
NOI $288,926 @ 7.0% cap · market cap 6.02%
Second Best
Office B
$2.15M
$1.88M – $2.51M
NOI $150,312 @ 7.0% cap · market cap 3.13%
Theoretical Best
Specialty Retail
$4.99M
$4.37M – $5.82M
NOI $349,209 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
12,858
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Four-story building with ground-floor retail and near-term lease expirations, offered for the first time in decades.
Where is this office building located?
The property is located at 158 Montague St Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Four‑story 6,000+ SF retail and office building with near‑term lease expirations, offering immediate optionality for the next owner.; Ground‑floor retail lease expires Q3 2028; current rent is stated to be well below prevailing market rents.; Partially owner‑occupied since 1968 and first time to market in nearly six decades.
