Berkshire Hathaway Commercial Services is pleased to bring to market this four story, rent stabilized, forty three unit, pre-war walkup building located at 394 Montgomery Street in the Crown Heights neighborhood of Brooklyn. The building is situated just a few blocks from Prospect Park and in between Eastern Parkway to the north and Empire Blvd. to the south. Lower Manhattan is just 20 minutes on the subway.
The tenants that occupy this building benefit from being within walking distance to multiple subway lines, Franklin Avenue’s retail corridor, Brooklyn Botanical Gardens, the Brooklyn Museum, the Major Owens Community Center and the beautiful Prospect Park. This is a wonderful section of Crown Heights that is beginning to see new residential developments and high end grocers.
394 Montgomery Street offers forty three rent stabilized units with potential rental growth based on the current legal rents of over $60,000 annually. All the units are DHCR Registered and the Rent Roll has been verified.
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