163 Montrose Avenue

4,447 ft²

$395 per ft²

2 rooms

Studio

0 baths

Mixed-use building
Williamsburg

Reported sale

Sold on 3/23/2009

Not yet verified by closing records

Seller's agent

Iris Dauber Elbaz

Licensed Associate Real Estate Broker

Douglas Elliman

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Listing by Douglas Elliman, Limited Liability Broker, 280 Metropolitan Avenue, Brooklyn, NY 11211 | MLS #: 131073

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Common charges

Not applicable

Estimated payment

$9,328/mo

Taxes

No info

Tax abatement

No info

About

Seller’s agent

Iris Dauber Elbaz

Licensed Associate Real Estate Broker

Douglas Elliman

Description

Great Investment, Great building, Great Rent Roll!!!
Newly restored building on 25x100 lot, 5 Apartments, One store front. Just reduced
New Boiler. All tenant with current market rents.
Rent roll over $162K. One block from Montrose L train. Expenses at $20K.
Incredible opportunity! 8% CAP!!!

Policies

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Home features

Private outdoor space

Building amenities

No info on building amenities

About the building

163 Montrose Avenue

163 Montrose Avenue, Brooklyn, NY 11206

Mixed-use building inWilliamsburg

4 units

3 stories

1920 built

For sale

0 available units for sale

For rent

0 available units for rent

Documents and permits

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Learn more about 163 Montrose Avenue

Property history

Price change: ↓ $85,000 (-4.6%) on 1/5/09
Days on market: 154 days

Date	Price	Event
3/24/2009	$1,760,000	Sold by Douglas Elliman
3/23/2009	$1,760,000	No longer available
1/5/2009	$1,760,000	Price decreased by 5%
10/20/2008	$1,845,000	Listed by Douglas Elliman
10/19/2008	$1,845,000	Price decreased by 3%

Explore Williamsburg

Transit

Location	Distance
Lat Montrose Av	0.14 miles
Lat Grand St	0.31 miles
JMat Lorimer St	0.37 miles
Gat Broadway	0.41 miles
JMat Flushing Av	0.47 miles

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About Williamsburg

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

Sales

Median asking price

Studio

$781.94K

Rentals

Median asking base rent

Studio

$3,998

Williamsburg is Brooklyn's booming epicenter with a well-deserved and worldwide reputation for being an influential hub thanks to a thriving cultural scene. Here you will find eye-catching new construction, brownstones, and prewars sitting next to historic buildings on streets dotted with restaurants, art spaces, boutiques, and more. With a Manhattan-facing waterfront (hello Domino Park!) and its large weekend markets (we're talking about you, Smorgasburg, and Artists & Fleas), the neighborhood is ideal for strolling and people watching. Another fringe benefit is Williamsburg's proximity to Manhattan via the G, L, M, and N subway lines.

Learn more about Williamsburg