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122 Montague Street

Updated Jul 20, 2026

Sollevare Group Acquires Mixed-Use Property At 122 Montague Street For $5.1M From
SOLDMixed-use

Sollevare Group Acquires Mixed-Use Property At 122 Montague Street For $5.1M From

122 Montague Street

$5,100,000

$731/SF

Building Size

6,973 SF

Asset Type

Mixed-use

Closing

Jul 2, 2026

About this deal

AI

The property involved in this transaction is a mixed-use asset located at 122 Montague Street in Brooklyn. The sale price was $5,100,000, with a total of 5 units. The property encompasses a square footage of 6,973, resulting in a price per unit of $1,020,000 and a price per square foot of $731.

Summary of transaction details:

Key individuals involved in this transaction include the buyer Sollevare Group and the seller . The brokerage representation for this deal was provided by David Schechtman, Jonathan (Jon) Schwartz, and Henry Barnathan from Meridian Capital Group, who facilitated the process for both parties involved.

On the Map

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$5,100,000

$731/SF

Mixed-use

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Players

David Schechtman

Meridian Capital Group

Broker

$1.9B

vol

75 deals

Broker
SG
Sollevare GroupBuyer
Bilt advertisement

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $731 per square foot on a published $5.1M for 6,973 square feet (2026).

Visit Jonathan (Jon) Schwartz to view all their deals.

Browse Brooklyn mixed use sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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