$4,500,000
Updated 9 years ago
Sold

11 Montgomery Place

Park Slope, Brooklyn | 8th Ave & Prospect Park West

20 Rooms10 Beds10 Baths5,598 Square FeetIncome Property

$4,500,000
floors / apts4 / 5
Lot Size30'3" wide
Building TypeTownhouse
RE Taxes$32,287
Price Per SF
$804

Listing Features

  • Original Details

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 11 Montgomery Place

Offered NOW to the market A TRULY RARE FIND! This is your opportunity to own a prime Park Slope piece of real estate for home / investment. A 30.33 ft wide building with corner exposure and recently renovated facade on Montgomery pl between 8th & PPW!!! Currently set up as a legal 5 unit building totaling 5598 sqft, with tons of original detail and charm!!! The brief summary of expenses and income are as follows: 1st Floor front 1F $3000/Month. 1st floor Rear 1R $4500/month.2nd floor $3700/month,3Rd floor $5000/month4th floor $4200/month Total yearly income - $244,800* You can almost double the rental income by updating the kitchens and bathrooms..Expenses for the year 2014 are as follows:Real Estate Taxes -$31,909 Water Bill - $8,207Insurance - $4,484.46National Grid - $3240Con Edison - $811Total yearly expenses - $44,167Please note access will be given to one apartment, basement apartment, access to hallways and public areas, Roof, electrical and mechanicals as well. Building is in a great condition and well maintained throughout.This dream Building can easily be a one or 2 family building! Private appointments only No Open house.

Listing History for 11 Montgomery Place

Now
01/22/2018
$5,490,000
Sold and Closed by Wassim Fakhereddine
Corcoran
01/19/2018
Contract Signed by Wassim Fakhereddine
Corcoran

Building Details for 11 Montgomery Place

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts4/5
Learn More About the Building

Transit and Citi Bike

Subway

Grand Army Plaza
0.28 miles
7 Av
0.38 miles
Eastern Pkwy-Brooklyn Museum
0.48 miles

Citi Bike

Garfield Pl & 8 Ave
0.07 miles
Grand Army Plaza & Plaza St West
0.17 miles

Contact Agent

Contact Agent

Park Slope | Brooklyn

Quick Profile

Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.

Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?). 

Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church. 

Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway). 

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: 65148TH