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    89 Montrose Ave, Unit 3-R Brooklyn, NY 11206

    For Sale
    $850,000

    Boutique condo with tenant, balcony, and storage.

    Property Features for 89 Montrose Ave

    General Information

    Interior features
    Interior Feature 1, : "Wall Unit(s)", "Interior Feature 2": "Electric", "Interior Feature 3": "Dryer", "Interior Feature 4": "Washer"
    Exterior features
    exterior_features, : ["Deck"]

    Building Details

    Year built
    2018

    Source: R New York Agent R New York

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Condo with Private Balcony

    This investment property, located at 89 Montrose Ave, is a condominium with a long-term tenant already in place, providing immediate rental income. The six-story elevator building includes a common roof deck. Apartment 3R features an open kitchen with marble countertops, abundant storage, and stainless steel appliances. Additional features include hardwood floors, a built-in Sonos sound system, video intercom, and an in-unit washer/dryer combo. The unit includes a spacious private balcony and a large storage closet on the cellar level. The interior space measures 629 square feet, with an additional 53 square feet of exterior space. The property is located in Williamsburg, near the Montrose L stop, Lorimer JMZ stop, and the Broadway G stop. Nearby amenities include park space, subway lines, restaurants, and bars such as Winson, Winson Bakery, Testo, Brooklyn Ball Factory, Casa Ora, Blues Luncheonette, Brooklyn Harvest, Duck Duck, and Tradesman.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.946234
    Latitude
    40.707279

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    FAQs

    What type of property is this?
    Apartment building - Boutique condo with tenant, balcony, and storage.
    Where is this apartment building located?
    The property is located at 89 Montrose Ave, Unit 3-R Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Long-term tenant in place, providing immediate rental income.; - Prime Williamsburg location near Montrose L, Lorimer JMZ, and Broadway G subway stops.; - Enjoy a private balcony and additional storage closet on the cellar level.
    Request Owner's contact information
    89 Montrose Ave, Unit 3-R Brooklyn, NY 11206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    89 Montrose Ave, Unit 3-R Brooklyn, NY 11206
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