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138-140 Montague Street

Soly Halabi Acquires Mixed-use Property At 138-140 Montague Street For $6,000,026
SOLDMixed-use

Soly Halabi Acquires Mixed-use Property At 138-140 Montague Street For $6,000,026

138-140 Montague Street

$6,000,026

$347/SF

Building Size

17,260 SF

Asset Type

Mixed-use

Closing

Feb 24, 2026

AI

The mixed-use asset located at 138-140 Montague Street in the Brooklyn Heights market was sold for $6,000,026. The property consists of 22 units and has a total square footage of 17,260, resulting in a price per unit of $272,728 and a price per square foot of $347.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,000,026
  • Units: 22
  • Square Feet: 17,260
  • Price per Unit: $272,728
  • Price per Square Foot: $347
  • Buyer: Soly Halabi
  • Seller: Gloria Rivera
  • Broker: Joshua Malekan - Bridge Advisory Group
  • Date of Transaction: 2/25/2026

This transaction involved Soly Halabi as the buyer and Gloria Rivera as the seller, facilitated by broker Joshua Malekan from Bridge Advisory Group. Notably, the deal was successfully closed after being on the market for over two years, achieving an outcome reflective of the property’s true market value despite an original listing of $8,500,000.

Players

Joshua Malekan

Bridge Advisory Group

Broker

$137.8M

vol

39 deals

Broker
Soly Halabi

Soly Halabi

Buyer

$176.1M

vol

7 deals

Buyer

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93