354 Montauk Avenue,New York City, NY 11208
New York City, NY 11208
Description
Exceptional Income-Producing Two-Family Brick Home in East New York br br Discover a rare opportunity to own a beautifully maintained legal two-family brick home that combines comfortable owner occupancy with a well-established furnished rental operation. Thoughtfully renovated and meticulously maintained, this property is ideal for investors, owner-occupants, or buyers seeking to offset their housing expenses with significant rental income.br br The home features a spacious owner-occupied garden level, while the upper floors are configured to maximize rental potential with multiple private bedrooms. Since 2018, the current owner has successfully operated the furnished rental business, maintaining approximately strong98% occupancy/strong with a strong history of reliable, long-term professional tenants. The property offers a proven track record of strong rental performance, with additional upside potential. Detailed financial information, including actual and projected income, is available upon request.br br Significant capital improvements provide peace of mind for the next owner, including a new roof with solar panels (2021), updated plumbing and electrical systems, a new boiler (2024), and a new central heating and air conditioning system (2025). The property also benefits from a solar tax abatement, helping keep annual property taxes remarkably low.br br Additional Highlights ul li data-section-id"4j8aea" data-start"1510" data-end"1539" Legal two-family brick home /li li data-section-id"14qgv0b" data-start"1540" data-end"1600" Spacious owner-occupied garden level with income potential /li li data-section-id"9uzkgz" data-start"1601" data-end"1674" Established furnished rental operation with approximately 98% occupancy /li li data-section-id"18daa5r" data-start"1675" data-end"1724" Approximately 3,000 square feet of living space /li li data-section-id"9g46ss" data-start"1725" data-end"1771" Private backyard with generous outdoor space /li li data-section-id"143uova" data-start"1772" data-end"1804" Updated major building systems /li li data-section-id"1s6s8ps" data-start"1805" data-end"1861" Energy-efficient solar panel system with tax abatement /li li data-section-id"1ucytju" data-start"1862" data-end"1928" Ideal for investors or owner-occupants seeking additional income /li /ul Whether you're looking for a turnkey investment or a home that generates substantial rental income, strong354 Montauk Avenue/strong offers exceptional flexibility, strong cash flow potential, and long-term value.br
Details
| MLS # | RLS20104128 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 63 |
| Listing Provided By | Corcoran Group | Jin Hee Son |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,000 |
| Story(s) | 2 |
| Units | 2 |
| Acreage | 0.05 |
| Property View | Other |
Interior
| Rooms Total | 10 |
|---|---|
| Cooling | Electric, Other |
| Cooling Yes / No | Yes |
| Appliances | Washer Dryer Allowed |
| Interior Features | Smoke Free |
| Fireplace Yes / No | No |
| Laundry Features | Washer Hookup, In Unit |
Exterior
| Exterior Features | Private Outdoor Space Over60Sqft |
|---|---|
| Patio And Porch Features | None |
Parking
| Garage Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 636 |
|---|---|
| Tax Block | 04071 |
| Tax Lot | 0039 |
Area Information
| State | NY |
|---|---|
| County | Kings |
| City | New York City |
| Zip Code | 11208 |
| Area | Brooklyn |
| Community Name | East New York |
| Listing VS Median (in East New York) | |
Price: $1,485,000 low | high Med: $870,000 sqft: 3,000 low | high Med: 900 $ / sqft: $495 low | high Med: $967 On site: 63 low | high Med: 569 | |
Market Activity 11208
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings |
| City | New York City |
| Zip Code | 11208 |
| Area | Brooklyn |
| Community Name | East New York |
| Listing VS Median (in East New York) | |
Price: $1,485,000 low | high Med: $870,000 sqft: 3,000 low | high Med: 900 $ / sqft: $495 low | high Med: $967 On site: 63 low | high Med: 569 | |
