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151 Montague Street

Visabe Acquires Retail Property At 151 Montague Street Brooklyn Heights For $5.7M
SOLDRetail

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

Maurice Suede

Newmark

Broker

$929.6M

vol

57 deals

Broker
Newmark
NewmarkBrokerage
Salomon Cojab

Salomon Cojab

Buyer

$28.2M

vol

5 deals

Buyer

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