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
About this deal
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.
On the Map
$5,700,000
$894/SF
Retail
View full map
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit Maurice Suede to view all their deals.
Browse Brooklyn retail sales on Traded.
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