354 Montauk Avenue, Brooklyn, NY 11208
Local realty services provided by:CENTURY 21 Awaye Realty
354 Montauk Avenue,Brooklyn, NY 11208
$1,385,000
- 8 Beds
- 3 Baths
- 3,000 sq. ft.
- Multi-family
- Active
Listed by: jin hee son
Office: corcoran group
MLS#:RLS20104128
Source:NY_REBNY
Price summary
- Price:$1,385,000
- Price per sq. ft.:$461.67
About this home
<strong></strong> <strong>Exceptional Income-Producing Two-Family Home in East New York<br> </strong><br> A unique opportunity to <strong>live, earn, and invest</strong> in a beautifully maintained legal two-family brick home with an established furnished rental operation.<br> Offering approximately <strong>3,000 square feet of living space</strong>, 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 <strong>$115K in gross annual income</strong> 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.<br> <br> The property has also benefited from substantial capital improvements, including a <strong>new roof with solar panels (2021), updated plumbing and electrical systems, a new boiler (2024), and new central heating and air conditioning (2025)</strong>. The <strong>12,000-watt solar panel system is designed to significantly offset electricity usage</strong>, while a solar tax abatement further contributes to remarkably low annual property taxes.<br> <br> <strong>Additional Highlights</strong><br> <ul> <li>Legal two-family brick home</li> <li>Approx. <strong>3,000 SF</strong> of living space</li> <li>Owner-occupied garden level with additional income potential</li> <li>Established furnished rental operation with approx. <strong>$115K gross annual income</strong></li> <li>Private backyard</li> <li>Extensive recent capital improvements</li> <li> <strong>12,000-watt solar panel system designed to significantly offset electricity usage</strong></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 <strong>A/C trains</strong> at Shepherd Avenue and Euclid Avenue and the <strong>3 train</strong> at New Lots Avenue, providing easy access throughout <strong>Brooklyn and into Manhattan</strong>.<br> <br> Whether you're seeking a <strong>turnkey income-producing investment or a home where rental income can help offset the cost of ownership</strong>, <strong>354 Montauk Avenue</strong> offers a compelling combination of flexibility, established income, and long-term value.<br>...
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Home facts
- Year built:1901
- Subdivision & Development:East New York
- Listing ID #:RLS20104128
- Added:102 day(s) ago
- Updated:October 27, 2026 at 09:07 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:3
- Full bathrooms:3
- Rooms Total:10
- Basement:Yes
- Living area:3,000 sq. ft.
Structure and exterior
- Year built:1901
- Building area:3,000 sq. ft.
- Levels:2 Story
Finances and disclosures
- Price:$1,385,000
- Price per sq. ft.:$461.67
- Tax amount:$636
Features and amenities
- Appliances:WasherDryerAllowed
- Laundry features:Washer Dryer Allowed
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