USANYBrooklynEast New York354 Montauk Ave

354 Montauk Ave, Brooklyn, NY

Name: 354 Montauk Ave, For Sale in Brooklyn - Zoocasa
Brand: Corcoran Group
SKU: RLS20104128
Price: 1385000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,385,000

830

MLS® RLS20104128

Overview

Key Facts

Type Multi Family

Levels Residential

Size 3000 sqft

Garage

Taxes $636

Days Active 73

Lot Size 2000 SF

Approx. Age 1901

Avg. Price Per Sqft $461

MLS® Number RLS20104128

Property Address: 354 Montauk Ave, Brooklyn, NY, 11208-4376

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional Income-Producing Two-Family Home in East New York A unique opportunity to live, earn, and invest in a beautifully maintained legal two-family brick home with an established furnished rental operation. Offering approximately 3, 000 square feet of living space, the property combines a spacious owner-occupied garden level with income-producing upper floors configured with multiple private bedrooms. Since 2018, the current owner has successfully operated the furnished rental business with approximately $115K in gross annual income and a strong history of long-term professional tenants. The established rental performance provides immediate income potential, with additional upside for the next owner. Detailed financials, including historical and projected income, are available upon request. The property has also benefited from substantial capital improvements, including a new roof with solar panels (2021), updated plumbing and electrical systems, a new boiler (2024), and new central heating and air conditioning (2025). The 12, 000-watt solar panel system is designed to significantly offset electricity usage, while a solar tax abatement further contributes to remarkably low annual property taxes. Additional Highlights <ul> <li>Legal two-family brick home</li> <li>Approx. 3, 000 SF of living space</li> <li>Owner-occupied garden level with additional income potential</li> <li>Established furnished rental operation with approx. $115K gross annual income</li> <li>Private backyard</li> <li>Extensive recent capital improvements</li> <li> 12, 000-watt solar panel system designed to significantly offset electricity usage</li> <li>Solar tax abatement contributing to low annual property taxes</li> <li>Ideal for investors or owner-occupants seeking to offset carrying costs with rental income</li> </ul> Conveniently located near multiple transit options, including the A/C trains at Shepherd Avenue and Euclid Avenue and the 3 train at New Lots Avenue, providing easy access throughout Brooklyn and into Manhattan. Whether you're seeking a turnkey income-producing investment or a home where rental income can help offset the cost of ownership, 354 Montauk Avenue offers a compelling combination of flexibility, established income, and long-term value.

MLS® NumberRLS20104128

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1901

BasementOther

Driveway

Garage Spaces

Heat

A/CElectric, Other

Extras

Map

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