Versatile Brooklyn Mixed-Use
71 Montrose Ave, Brooklyn, NY 11206
Four-story, 8,200 SF building with flexible industrial/residential zoning.
Type:Industrial
Property size:
8,200 SFLot size:
0.06 AcresPrice / SF:
$548/SF- Added:
- Mar 11, 2026
- Days on Market:
- 118
- Last Refresh:
- Jul 2 at 6:51 pm
Property Features for 71 Montrose Ave
General Information
- Standard status
- Active
- Size
- 8,200 SF
- Lot size
- 0.06 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1920
Listing office Trademarko Realty Inc. (718) 710-8170
Listing date Mar 11, 2026
Source Elliman
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 Trademarko Realty Inc.
HighLights
- Favorable zoning: live and work in the same building
- Double‑wide truck parking/loading dock - suitable for vehicles or use as a showroom/gallery/event space
- Private 1000 sq ft rooftop garden connected to a penthouse office space, plus a smaller front rooftop garden
- Grandfathered industrial usage with residential zoning allows flexible conversion
- Convenient location near L, M, J, and G subway lines, bicycle access, and ample street parking
- Historical building (circa 1920s) with unique features like a stainless steel freight elevator and vintage facade graphics
Overview
This four-story industrial building, dating back to at least the 1920s, offers approximately 8,200 square feet of space. The 25-foot-wide property features a 13-foot roll-up gate, parking for two trucks, and ceiling heights ranging from 12 to 14 feet. 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 double-wide truck parking/loading dock, suitable for various needs, and a stainless steel freight elevator. A private rooftop garden, approximately 1000 sq ft, sits atop a solid concrete roof capable of supporting substantial weight, and a smaller front rooftop garden overlooks a wide street and city park. The property is currently utilized as a film/photographic production facility, which can continue or be delivered vacant. The building is located in an area described as the hub of cultural Renaissance of Brooklyn, surrounded by Greenpoint, Bushwick, downtown Manhattan, Bed-Stuy, and Fort Greene. Transportation options are plentiful, with access to the L, M, J, and G subway lines, bicycle routes, and street parking. The L train stop (Montrose Avenue) is four blocks away, while the M & J train stop (Lorimer Street) and the G train stop (Broadway) are each a block and a half away. The property's zoning allows for roof garden living and operating a business from the same location, with potential uses including a showroom, gallery, store, or event space.
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 | $637.6k | $77.76 |
| − Vacancy | −$75.9k | −$9.25 |
| EGI | $561.8k | $68.51 |
| − OpEx | −$168.5k | −$20.55 |
| NOI | $393.2k | $47.95 |
8,200 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.62M
$4.92M – $6.55M
NOI $393,228 @ 7.0% cap · market cap 8.74%
Second Best
Mixed Use
$4.25M
$3.72M – $4.96M
NOI $297,660 @ 7.0% cap · market cap 6.61%
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 Profile
Location Intelligence
Current Use by Public Records
Brooklyn Optics
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9472
- Latitude
- 40.7072
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Four-story, 8,200 SF building with flexible industrial/residential zoning.
Where is this mixed-use property located?
The property is located at 71 Montrose Ave 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: live and work in the same building; Double‑wide truck parking/loading dock - suitable for vehicles or use as a showroom/gallery/event space; Private 1000 sq ft rooftop garden connected to a penthouse office space, plus a smaller front rooftop garden
