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128 Montague St Brooklyn, NY 11201-3529
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Property profile & analytics

128 Montague St Brooklyn, NY 11201-3529


  • Retail residential properties
  • 8,022 SF
  • 0.06 lot acres
Off-Market
Last Sale Sep 6, 2024
$3,850,000
Property ID
US63-5515065
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Value Estimations
$3,850,000
Show details
Cap Rate Potential
7.6%
Retail residential properties
Location Intelligence

Current Use by Public Records

  • Khaosan / Restaurant
  • Fred Astaire Dance Studios / Training Center

Property Details for 128 Montague St

Year built
1900
Lot size
0.06 lot acres
Property size
8,022 SF
Zone code
R7-1
Property type
Retail residential properties
APN
00249-0025
APU
2490025

Description

This exceptional 1,328-square-foot retail space at 128 Montague Street in Brooklyn Heights offers a unique opportunity for a discerning business. Located in a high-foot-traffic area with numerous neighboring retail establishments, this single-tenant property boasts a desirable end-cap location with abundant natural light and significant street frontage. The space itself is thoughtfully designed with multiple rooms and a large, open showroom, perfect for a variety of uses. The landlord is open to considering diverse business concepts. A significant advantage is the inclusion of a private backyard accessible through a rear entrance, offering additional space and potential. While technically on the second floor, the building's unique design effectively positions this space as ground-floor equivalent, as evidenced in the accompanying photographs. The property's prime location provides easy access to multiple subway stations and other public transportation options, ensuring convenient access for both employees and customers. Situated in Kings County, New York, with a 11201 zip code, this property presents a compelling investment opportunity in a thriving Brooklyn neighborhood. The property is classified as retail with multi-family subtype.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $3,850,000
    ML approach
    $3,850,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $4,855,000
    6.5%
    $4,480,000
    7%
    $4,160,000
  • Alternative Use

    Use
    Estimation
    AUTO REPAIR, GARAGE
    $6,375,000

Get a detailed, property-specific estimation — fast and free


Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings
State
New York
Longitude
-73.9943
Latitude
40.6945
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$126,076
$122,850
$885,600
$1,008,450
-
$273,000
$1,968,000
$2,241,000
More about this property
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