Yuco Inc Acquires Mixed-Use Property On Montague Street In Brooklyn Heights For $8.8M

Located in Brooklyn Heights, Brooklyn, 134 Montague Street has sold for a record-breaking price of $8,795,000, making it the highest price ever paid for a tax class-protected mixed-use investment property in the area. This sale represents a significant milestone in the neighborhood's history. The property spans 8,500 square feet and was sold at a price per square foot of $1,035. The transaction closed on December 20, 2023.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $8,795,000
• Address: 134 Montague Street
• Market: Brooklyn Heights, Brooklyn
• Square Footage: 8,500
• Price Per Square Foot: $1,035

The buyer, YUCO Inc, acquired the property from the Purzycki Family. The sale was facilitated by brokers Shaun Riney, Michael Salvatico, Robert Ferman, and Andrew Bronsteen of Marcus & Millichap. Their expertise and market knowledge played a crucial role in connecting the seller with a private family seeking a premier real estate investment.

This transaction would not have been possible without the dedication and hard work of the seller's attorney, Lawrence Fabian of the Law Offices of Lawrence E. Fabian, and the buyer's attorney, Gary Friedman of Kaufman Friedman Plotnicki & Grun, LLP. Their tireless efforts ensured a smooth and successful closing.