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181-183 Montague St 10,315 SF Retail Building Brooklyn, NY 11201 $11,758,815 CAD ($1,139.97 CAD/SF) 7.90% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased / Occupied
- Premier Neighborhood, Access to Transportation, and Demographics
- Landmark Designation
EXECUTIVE SUMMARY
181 Montague Street offers the rare opportunity to own stabilized cash-flowing retail in a landmarked building located along the historic Montague Street Bank Row in Brooklyn Heights. The Property is located on the north side of Montague Street, in between Clinton Street and Court Street. 181 Montague Street is net leased to the national credit tenant TD Bank and totals ~10,000 SF. The Property is perfectly located along the most trafficked area of the Montague Street retail corridor which services the surrounding neighborhood as well as Downtown Brooklyn. Brooklyn Heights has emerged as one of the top neighborhoods in all of NYC. Transportation access, neighborhood feel, and Manhattan-like amenities are just a few reasons for this surge in demand.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
10,315 SF
Building Class
B
Year Built
1904
Price
$11,758,815 CAD
Price Per SF
$1,139.97 CAD
Cap Rate
7.90%
NOI
$928,946 CAD
Tenancy
Single
Building Height
3 Stories
Building FAR
2.06
Lot Size
0.11 AC
Zoning
DB (C5-2A) - *No air-rights are included in the transaction
Frontage
50’ on Montague Street
AMENITIES
- Banking
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (91)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00244-0015 | Improvements Assessment | $1,514,024 CAD |
| Land Assessment | $699,269 CAD | Total Assessment | $2,213,293 CAD |
PROPERTY TAXES
Parcel Number
00244-0015
Land Assessment
$699,269 CAD
Improvements Assessment
$1,514,024 CAD
Total Assessment
$2,213,293 CAD
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181-183 Montague St
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