354 MONTAUK Avenue Brooklyn, NY 11208
8 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision East New York
MLS Listing ID RLS20104128
Bedrooms 8
Full Baths 3
HOA Y/N No
Year Built 1901
Annual Tax Amount $636
Property Sub-Type Multi Family
Property Description
Discover a rare opportunity to own a beautifully maintained legal two-family brick home that combines comfortable owner occupancy with a well-established income-producing furnished rental operation. Thoughtfully renovated and meticulously maintained, this property offers an excellent opportunity for investors, owner-occupants, or buyers seeking to offset their housing expenses with substantial rental income.
The home features a spacious owner's residence on the ground level, while the upper floors are configured to maximize rental potential with multiple private bedrooms. The current owner has successfully operated the furnished rental business since 2018, maintaining approximately 98% occupancy with a strong history of reliable, long-term professional tenants.
Significant capital improvements provide peace of mind for the next owner, including a new roof installed in 2021 with solar panels, updated plumbing and electrical systems, a new boiler (2024), and a new central air conditioning system (2025). The property also benefits from a solar tax abatement, helping keep annual property taxes remarkably low.
Additional highlights include:
Legal two-family brick property Spacious owner's residence plus income-producing rental units Strong rental history with approximately $100,000 in annual gross income Approximately 3,000 square feet of living space Beautiful brick exterior with generous outdoor space Updated major building systems Energy-efficient solar panel system Excellent opportunity for investors or owner-occupants seeking additional income Whether you're looking for a turnkey investment or a home that generates substantial income, this exceptional Brooklyn property offers flexibility, strong cash flow potential, and long-term value.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Electric, Other
Fireplace No
Appliance Washer Dryer Allowed
Laundry Washer Hookup, In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
Pool Building None
View Y/N Yes
View Other
Porch None
Private Pool Yes
Building
Dwelling Type Townhouse
Story 2
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 04071-0039
Ownership None
Monthly Total Fees $53
Special Listing Condition Standard
Pets Allowed Building Yes, No
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