$1,440,000
Updated 9 years ago
Sold

940 Montgomery Street

Crown Heights, Brooklyn | Schenectady Ave & Utica Ave

11 Beds5 Baths4,000 Square FeetRental Property

$1,440,000
floors / apts2 / 4
Lot Size40'x120'
Built Size20'x80'
ZoneR7-1
Building TypeTownhouse
RE Taxes$11,784
Price Per SF
$360

This property was sold for $1,440,000 on 05/26/16.

Outdoor space and views

  • Backyard

Building Amenities

  • Driveway
  • Garage

Property Description for 940 Montgomery Street

This Legal 4 family semi-detached brick townhouse sits on a 40 x 127 lot and has approx 3280 square feet of living space. The property contains three 2 bedroom apartments, one 3 bedroom apartment, a finished basement and a three car garage, and is conveniently located in close proximity to the Utica 3 & 4 subway stop. there are currently 3 vacancies and one occupied apartment but will be delivered vacant at closing. The property is in fair condition and offers tremendous potential. An investor can upgrade the kitchens and baths to capitalize on high residential rents, duplex the first floor units with the finished basement to maximize living space for higher rents and later utilize the additional 12,552 square feet of air rights to re-position the property into condominiums. Or can be ideal for a home buyer to occupy one or 2 units, collect rents and live rent-free.

Listing History for 940 Montgomery Street

Now
05/26/2016
$1,440,000
Sold and Closed by Bouchra Lattef
BLS Realty, Inc.
04/18/2016
Contract Signed by Bouchra Lattef
BLS Realty, Inc.

Building Details for 940 Montgomery Street

OwnershipRental Property
Building TypeTownhouse
AgePre-War
AccessWalk-up
Year Built1924
Floors/Apts2/4
Learn More About the Building

Transit and Citi Bike

Subway

Crown Hts-Utica Av
0.33 miles

Citi Bike

Lefferts Ave & Schenectady Ave
0.08 miles
Utica Ave & E New York Ave
0.14 miles

Contact Agent

Contact Agent

Licensed As
Bouchra Lattef
Broker
License#:
10311200452
Company:
BLS Realty, Inc.
Bouchra Lattef
BLS Realty, Inc.

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 63655TH