76 Montague Street, Brooklyn, NY 11201-3305

Brooklyn Heights, Brooklyn, New York 11201-3305

$3,850,000  

Listing ID Number

25340

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of 76 Montague Street, a 3,900 SF, 2-story commercial property with an additional 2,175 SF of air rights. The entire property will be delivered vacant. The asset is positioned as a unique investment, redevelopment, and/or user opportunity. In total, the property could be developed into an approximately 6,075 SF building consisting of retail and/or residential uses.

The property is located between Hicks Street and the entrance to the Brooklyn Heights Promenade on the south side of Montague Street. Montague Street is one of the borough’s predominate retail corridors where rents demand upwards of $125/SF. 76 Montague Street is also surrounded by several popular retailers, such as Kiehl’s and Juice Press, in addition to popular attractions including the Brooklyn Bridge Park and the newly renovated Bossert Hotel. The property is conveniently located three blocks from the R, 2, 3, 4, & 5 subways and a short distance from the A, C, & F subways, providing a direct commute into Manhattan and connectivity throughout all of New York City.

76 Montague Street is an incredible opportunity for investors, developers, and users alike to secure an asset with significant upside in Brooklyn’s most affluent neighborhood.

Overview

Building Type:Commercial Buildings

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Stephen P. Palmese
Vice Chairman
(718) 307 6552
stephen.palmese@cushwake.com

Michael J. Mazzara
Director
(718) 606 7052
michael.mazzara@cushwake.com

James Berluti
Associate Director
(718) 606 7053
james.berluti@cushwake.com

Patrick Madigan
Associate
(718) 606 7058
patrick.madigan@cushwake.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.