354 MONTAUK Avenue
Brooklyn, NY, 11208 $ 1,385,000
Bedrooms8 Baths3.0 Sq 3,000 Monthly Estimate*
$ 9,566
for $1,385,000 with 8 bedrooms and 3 full baths. This 3,000 square foot home was built in 1901.
Eхcеptіonаl Ιnсome-Produсіng Τwο-Fаmily Home in East New York
A unique opportunity to live, earn, and invest in a beautifully maintained legal two-family brick home with an established furnished rental operation.
Offering approximately 3,000 square feet of living space, 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 $115K in gross annual income 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.
The property has also benefited from substantial capital improvements, including a new roof with solar panels (2021), updated plumbing and electrical systems, a new boiler (2024), and new central heating and air conditioning (2025). The 12,000-watt solar panel system is designed to significantly offset electricity usage, while a solar tax abatement further contributes to remarkably low annual property taxes.
Additional Highlights
- Legal two-family brick home
- Approx. 3,000 SF of living space
- Owner-occupied garden level with additional income potential
- Established furnished rental operation with approx. $115K gross annual income
- Private backyard
- Extensive recent capital improvements
- 12,000-watt solar panel system designed to significantly offset electricity usage
- Solar tax abatement contributing to low annual property taxes
- Ideal for investors or owner-occupants seeking to offset carrying costs with rental income
Conveniently located near multiple transit options, including the
A/C trains at Shepherd Avenue and Euclid Avenue and the
3 train at New Lots Avenue, providing easy access throughout
Brooklyn and into Manhattan.
Whether you're seeking a
turnkey income-producing investment or a home where rental income can help offset the cost of ownership,
354 Montauk Avenue offers a compelling combination of flexibility, established income, and long-term value.
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Affordability Calculator
- Monthly Principal & Interest
- $9,566
- Monthly Property Taxes
- $53
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Brooklyn, NY
Average List Price $1,800,642
Percent of Sale Price 30%
About Brooklyn, NY 2,668,108 Population
8% Since 2002
$ 56,355 Median Income
36.99 Median Age
28% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/8/2026 | $1,385,000 | -4.42% | Price Down |
| 8/14/2026 | $1,449,000 | -2.42% | Price Down |
| 7/16/2026 | $1,485,000 | | Listed Price |