158 Montague Street, Brooklyn, NY, USA

Brooklyn, New York

FIRST OFFERING IN 55 YEARS | BROOKLYN HEIGHTS CONVERSION OPPORTUNITY

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Total Square Feet

6,025 SF

Asking Price

$4,800,000

Price Per SF

$797

COVETED MONTAGUE STREET LOCATION
Direct proximity to Borough Hall, five subway lines (2/3/4/5/A/C/R), the Brooklyn Heights Promenade, and Brooklyn Bridge Park. Co-tenants along the corridor include Starbucks, Chipotle, and numerous local staples such as Lassen & Hennigs, L’Appartment 4F, Dellarocco’s, and more.
BLANK CANVAS REPOSITIONING OPPORTUNITY
Four-story, 6,000+ SF retail and office building with near-term lease expirations providing a new owner immediate optionality.
SIGNIFICANT MARK-TO-MARKET RENTAL UPSIDE
Ground floor retail lease expires Q3 2028. Current rent is well below prevailing market rents.
MULTIPLE VALUE-CREATION PATHWAYS IN A SUPPLYCONSTRAINED SUBMARKET
A buyer may pursue a residential conversion of the upper floors to market-rate rentals or condominiums, with the potential for vertical expansion with as-of-right air rights. Located within the Brooklyn Heights Historic District, new development across the submarket is structurally capped, limiting competition and underpinning long-term demand for existing and repositioned assets.
FIRST TIME TO MARKET IN ~60 YEARS
Privately held and partially owner-occupied since 1968, 158 Montague Street is available for the first time in nearly six decades.