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    116 Montague St Brooklyn, NY 11201

    Sponsored
    For Lease
    $126 SF/Yr

    Brooklyn Heights Retail - 1,900 SF Available

    Lot size:
    1,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional retail space, located on Montague Street between Henry and Hicks Streets in Brooklyn Heights, offers 1,900 square feet of prime commercial real estate. Currently occupied by Mattress Firm, the property boasts a rich history as a former restaurant, complete with an existing gas line and grease trap, making it ideal for a variety of food-related businesses. The space features high ceilings (15 feet on the ground floor and 8 feet in the full basement), a functional HVAC system on both levels, and a sprinkler system, ensuring safety and comfort. With a prominent 25-foot frontage, this location benefits from the high foot traffic characteristic of this vibrant Brooklyn Heights corridor. Surrounding businesses include well-known brands such as Starbucks, Chase, Chipotle, Kiehl's, and many others, creating a strong and established commercial environment. The asking rent is $20,000 per month, and immediate possession is available. All uses will be considered. The basement adds significant additional square footage to this already impressive offering.

    Property Features for 116 Montague St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,900 SF

    Unit(s) available at that property

    Space
    Ground
    Size
    1,900 SF
    Rate per SF
    $126

    HighLights

    • Retail space available at 116 Montague Street, Brooklyn Heights, Kings County.
    • 1,900 sq. ft. available, including a full basement.
    • Located on Montague Street between Henry and Hicks Streets, with high foot traffic.
    • Asking rent: $20,000 per month.
    • Features 25 ft frontage, 15 ft ceilings on the ground floor and 8 ft ceilings in the basement.
    • Existing infrastructure includes a gas line, grease trap, HVAC, and sprinkler system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9948612
    Latitude
    40.694724

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    FAQs

    What type of property is this?
    Retail property - Brooklyn Heights Retail - 1,900 SF Available
    Where is this retail property located?
    The property is located at 116 Montague St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $126 SF/Yr.
    What are key features of this property?
    This property features: Retail space available at 116 Montague Street, Brooklyn Heights, Kings County.; 1,900 sq. ft. available, including a full basement.; Located on Montague Street between Henry and Hicks Streets, with high foot traffic.
    Request Owner's contact information
    116 Montague St Brooklyn, NY 11201
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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
    116 Montague St Brooklyn, NY 11201
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