Visabe Acquires Retail Property At 151 Montague Street Brooklyn Heights For $5.7M
151 Montague Street
$5,700,000
$894/SF
Building Size
6,375 SF
Asset Type
Retail
Closing
Jun 24, 2025
AI
The retail asset located at 151 Montague Street in the Brooklyn Heights market was sold for $5,700,000. The total square footage of the property is 6,375, which translates to a price per square foot of $894.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,700,000
- Address: 151 Montague Street
- Market: Brooklyn Heights
- Square Footage: 6,375
- Price per Square Foot: $894
- Buyer: Visabe - Salomon Cojab
- Brokers: Caroline Hodes, Daniel O'Brien & Maurice Suede - Newmark
This transaction was facilitated by brokers Caroline Hodes, Daniel O'Brien, and Maurice Suede, representing the seller in this deal. The involvement of Salomon Cojab as a buyer highlights the engagement from key industry players in this retail transaction.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93