63 montague street - Agorafy
63 MONTAGUE STREET
BROOKLYN HEIGHTS, NY 11201 Turnkey 13-Unit Multifamily Building Located in One of Brooklyn’s Most Affluent Neighborhoods ADDRESS: LOCATION: BLOCK / LOT: LOT DIMENSIONS: BUILDING SIZE: GROSS SF: STORIES: UNITS: ELEVATOR: ZONING: FAR: EXSISTING SF: AVAILABLE AIR RIGHTS: ASSESMENT (15/16): TAXES (15/16):
63 Montague Street, Brooklyn On the north side of Montague Street between Pierrepont Place and Hicks Street 241 / 11 25’ x 100’ (approx.) 25’ x 80’ sq. ft. (approx.) 10,472 sq. ft. (approx.) 6 13 Yes R6 2.43 10,472 sq. ft. (approx.) Overbuilt $223,650 $28,750
F
PROPERTY DESCRIPTION:
2 3
Broo klyn
Bro
ok l y nB r idg e Pa
rk Heig hts Prom ena de
A C
R 63 MONTAGUE
2 3 4 5
PIERREPONT PLACE
HICKS STREET
100’
11
F G
25’
MONTAGUE STREET
N R
63 F Montague Street conveniently has direct access to the Brooklyn Heights Promenade, in addition to being situated onFort the neighborhoods top thoroughfare. L. I. U. Moreover, not only is theBroo property walk from the heart of Downtown Greene klyn a short City Mall Brooklyn and it’s bustling business district; 63 Montague Street is accessible by P ark Point the express subways ( 2 , 3 , 4 , 5 ) at Borough Hall and Clark Street, providing a 5 A C G minute commute to the Financial District and connectivity throughout all of New York City. The convenience of Brooklyn Heights, coupled with its boutique amenities, continues to draw upper class families into the neighborhood, resulting in BAMin New York City. some of the most sought-after real estate
PIERREPONT STREET
241
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 63 Montague Street, a turnkey elevator multifamily building located in Brooklyn Heights – one of Brooklyn’s most affluent residential neighborhoods. Luxurious residences, tree-lined streets, and a rich history characterize this coveted Brooklyn enclave. The subject property stands 6-story tall and consists of 13 units – eight (8) one-bedroom apartments and five (5) two-bedroom apartments. All, but two rent stabilized units, underwent high-end gut-renovations in 2014. In addition, all of the building’s mechanicals and common areas were upgraded in the last 12 months, positioning 63 Montague Street as a perfect turnkey 1031 prospect and opportunity to invest in one of New York City’s top-ranked neighAborhoods C where residential demand continues to surge.
G ASKING PRICE: $11,250,000
FOR MORE INFORMATION, PLEASE CONTACT: Stephen Palmese Vice Chairman (718) 307 6552 [email protected]
Michael Mazzara Associate Director (718) 606 7052 [email protected]
F G
Cultural District
Thomas Freeland Associate Director (718) 606 7021 [email protected]
2 3 B Q CUSHMAN & WAKEFIELD, INC. James Berluti 205 Montague Street 3rd Floor Associate4 5 Brooklyn, NY 11201 (718) 606 7053 B arclays www.nyinvestmentsales.com N R D [email protected] C enter
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
BROOKLYN HEIGHTS, NY 11201 Turnkey 13-Unit Multifamily Building Located in One of Brooklyn’s Most Affluent Neighborhoods ADDRESS: LOCATION: BLOCK / LOT: LOT DIMENSIONS: BUILDING SIZE: GROSS SF: STORIES: UNITS: ELEVATOR: ZONING: FAR: EXSISTING SF: AVAILABLE AIR RIGHTS: ASSESMENT (15/16): TAXES (15/16):
63 Montague Street, Brooklyn On the north side of Montague Street between Pierrepont Place and Hicks Street 241 / 11 25’ x 100’ (approx.) 25’ x 80’ sq. ft. (approx.) 10,472 sq. ft. (approx.) 6 13 Yes R6 2.43 10,472 sq. ft. (approx.) Overbuilt $223,650 $28,750
F
PROPERTY DESCRIPTION:
2 3
Broo klyn
Bro
ok l y nB r idg e Pa
rk Heig hts Prom ena de
A C
R 63 MONTAGUE
2 3 4 5
PIERREPONT PLACE
HICKS STREET
100’
11
F G
25’
MONTAGUE STREET
N R
63 F Montague Street conveniently has direct access to the Brooklyn Heights Promenade, in addition to being situated onFort the neighborhoods top thoroughfare. L. I. U. Moreover, not only is theBroo property walk from the heart of Downtown Greene klyn a short City Mall Brooklyn and it’s bustling business district; 63 Montague Street is accessible by P ark Point the express subways ( 2 , 3 , 4 , 5 ) at Borough Hall and Clark Street, providing a 5 A C G minute commute to the Financial District and connectivity throughout all of New York City. The convenience of Brooklyn Heights, coupled with its boutique amenities, continues to draw upper class families into the neighborhood, resulting in BAMin New York City. some of the most sought-after real estate
PIERREPONT STREET
241
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 63 Montague Street, a turnkey elevator multifamily building located in Brooklyn Heights – one of Brooklyn’s most affluent residential neighborhoods. Luxurious residences, tree-lined streets, and a rich history characterize this coveted Brooklyn enclave. The subject property stands 6-story tall and consists of 13 units – eight (8) one-bedroom apartments and five (5) two-bedroom apartments. All, but two rent stabilized units, underwent high-end gut-renovations in 2014. In addition, all of the building’s mechanicals and common areas were upgraded in the last 12 months, positioning 63 Montague Street as a perfect turnkey 1031 prospect and opportunity to invest in one of New York City’s top-ranked neighAborhoods C where residential demand continues to surge.
G ASKING PRICE: $11,250,000
FOR MORE INFORMATION, PLEASE CONTACT: Stephen Palmese Vice Chairman (718) 307 6552 [email protected]
Michael Mazzara Associate Director (718) 606 7052 [email protected]
F G
Cultural District
Thomas Freeland Associate Director (718) 606 7021 [email protected]
2 3 B Q CUSHMAN & WAKEFIELD, INC. James Berluti 205 Montague Street 3rd Floor Associate4 5 Brooklyn, NY 11201 (718) 606 7053 B arclays www.nyinvestmentsales.com N R D [email protected] C enter
The depiction in the included photograph of any person, entity, sign, logo or property, other than Cushman & Wakefield’s (C&W) client and the property offered by C&W, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and C&W or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of C&W’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. (A copy of the rates and conditions referred to above with respect to this property is available upon request.)
