63 Montague Street

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 neighborhoods where residential demand continues to surge. 63 Montague Street conveniently has direct access to the Brooklyn Heights Promenade, in addition to being situated on the neighborhoods top thoroughfare. Moreover, not only is the property a short walk from the heart of Downtown Brooklyn and it’s bustling business district; 63 Montague Street is accessible by the express subways (2 ,3 ,4 ,5 ) at Borough Hall and Clark Street, providing a 5 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 some of the most sought-after real estate in New York City.