$1,999,999
Updated 6 years ago
Off Market

181 Montrose Ave

East Williamsburg, Brooklyn | Graham Ave & Humboldt Street

16 Rooms8 Beds7 Baths5,400 Square FeetIncome Property

$1,999,999
floors / apts4 / 8
Lot Size27'x75'
ZoneR6
Building TypeLow-Rise
RE Taxes$8,609
Price Per SF
$370

Building Amenities

  • Voice Intercom
  • Garden

Property Description for 181 Montrose Ave

**5.2% Cap Rate Investment Building in a Prime Williamsburg Location**

Incredible Investment opportunity in the heart of Williamsburg steps away from the L train line. Seven unit, 27 foot wide investment rental building for sale. 5,400 square feet in total, plus a full garden in the back of the lot. 200 feet from the Montrose Avenue L train stop. Great Long Term Investment Property with a healthy regular cash flow.

Email us at the KW Multi-Family Team for a full Pro Forma of the property

Listing History for 181 Montrose Ave

Now
08/17/2020
POM by Alexander Pitsirilos
Keller Williams NYC
05/08/2020
Back on the Market by Alexander Pitsirilos
Keller Williams NYC

Building Details for 181 Montrose Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/8
Learn More About the Building

Transit and Citi Bike

Subway

Montrose Av
0.11 miles
Grand St
0.3 miles
Lorimer St
0.39 miles
Broadway
0.45 miles
Morgan Av
0.47 miles

Citi Bike

Montrose Ave & Bushwick Ave
0.09 miles
Scholes St & Manhattan Ave
0.17 miles

Contact Agents

Contact Agents

Alexander Pitsirilos
Keller Williams NYC
Victor Torres Jr
Keller Williams NYC

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

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: 77797TH