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
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