Cushman & Wakefield has been retained on an exclusive basis to sell a multifamily building at 63 Montague Street. The property is located between Pierrepont Place and Hicks Street in Brooklyn Heights. The asking price is $11,250,000.
The six-story, elevator building contains approximately 10,472 gross square feet and sits on a 25’ x 100’ lot. The unit mix consists of eight, one-bedroom and five, two-bedroom apartments. All of the units underwent high-end gut renovations and all of the building’s mechanicals and common areas have been upgraded within the past year.
The property is conveniently located near the 2, 3, 4, and 5 express trains at Borough Hall and Clark Street, providing a five-minute commute to the Financial District and connectivity throughout all of New York City. The property has direct access to the Brooklyn Heights Promenade and is just a short walk from the heart of Downtown Brooklyn and its bustling business district. This offering presents a great opportunity to invest in one of Brooklyn’s most affluent neighborhoods, where residential demand continues to grow.
“63 Montague Street is an ideal turnkey opportunity for a 1031 buyer to establish a foothold in one of Brooklyn’s most coveted residential neighborhoods,” said Cushman & Wakefield’s Stephen P. Palmese, who is exclusively marketing this property.
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Neighborhoods: Brooklyn Heights/ Agents: Stephen Palmese