130 Montague For Sale

By on June 23, 2011 12:12 pm in Brooklyn Heights, News, Real Estate

The five story building at 130 Montague Street, which has two commercial spaces (the ground floor is now occupied by the Dashing Diva nail salon. and the main floor, previously occupied by Migita Sushi, is for lease) and nine rent stabilized apartments, is for sale. According to Citybiz Real Estate the price is $5.7 million. The article goes on to note that Brooklyn Heights is “positioned as the equivalent of Manhattan’s Greenwich Village,…and is known as the strongest real estate market in Brooklyn.” It also quotes the broker as saying a buyer may be able to use air rights “to add more square footage” to the building.

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  • John Wentling

    Methinks the broker is puffing a bit on the air rights.

  • http://www.theater2020.com David Fuller

    Anyone want to buy it and build us a theater???
    :)

  • Cranberry Beret

    @John – agree. The bldg is 44 ft high in a 50 ft limited height district. You do the math as to what good air rights will do.

  • John Wentling

    @Cranberry Beret: the math gives me about 3′ of ceiling height – the owner needs a new broker.

  • IB Farley

    The broker is puffing on something. Air rights? ha.

  • Cranberry Beret

    Occurred to me after posting that broker could mean backyard addition. Still seems unlikely to be able to exceed zoning allowance based on air rights in a historic district.

  • nabeguy

    3′ foot ceilings have a market. After all, trolls have to live somewhere too.

  • Eddyenergizer

    John Wentling, I think your math is a little off. I think one could actually get 5 feet of ceiling height.