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    FOR SALE
    Warehouses

    71 Montrose Ave, Brooklyn, NY 11206

    7,000 SF 0.06 ac lot Built 1920
    Entity Owned Free & Clear
    Property ID
    US63-3744010
    Property summary
    AI-generated overview

    This unique four-story, 8,200-square-foot warehouse in Brooklyn, NY, presents a compelling investment opportunity. Built in 1920, this historically significant property boasts 12- to 14-foot ceilings, a 13-foot roll-up gate, parking for two trucks, and a stainless-steel freight elevator. The building's current use as a film/photographic production facility can continue, or it can be delivered vacant. Its permitted residential zoning allows for conversion to residential, mixed-use, or continued industrial/commercial use. A key feature is the expansive private rooftop garden (approximately 1000 sq ft) atop a reinforced concrete roof, suitable for large gatherings, along with a smaller front rooftop garden. The building's location in the heart of Brooklyn's cultural renaissance offers easy access to vibrant neighborhoods like Greenpoint and Bushwick, as well as Downtown Manhattan. Convenient transportation options include proximity to the L, M, J, and G subway lines. The 0.06-acre lot provides ample space, and the double-wide truck parking/loading dock adds significant utility. The building's vintage façade and existing graphics add to its character. This multi-dynamic space offers a rare blend of historical charm and modern adaptability, making it an exceptional investment at an asking price of $4,500,000.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1920
    Total area 7,000 SF
    Lot 0.06 ac (2,500 SF)
    Zoning code R6
    APN 03050-0030
    UPID US63-3744010
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Brooklyn Optics (Bike/Boat/Book/etc) Store Photography Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.48M
    Owner & transaction history
    71 MONTROSE AVENUE CORP
    71 MONTROSE AVENUE CORP
    Zoning & alternative use
    R6 · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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