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  • 354 Montauk Avenue
  • $ 1,485,000
354 Montauk Avenue East New York Brooklyn NY 11208
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354 Montauk Avenue

East New York   |   Blake Avenue & New Lots Avenue
Listing ID: 107308TH

  • $ 1,485,000
  • Bedrooms
  • Bathrooms
  • HouseBuilding Type
  • 3,000/279 Approx. SF/SM

  • Details
    • Single FamilyOwnership
    • $ 4,436Anual RE Taxes
    • 20'x50'Building Size
    • 20'x100'Lot Size
    • 1901Year Built
    • ActiveStatus

354 Montauk Avenue East New York Brooklyn NY 11208
  • Description
  • Exceptional Income-Producing Two-Family Home in East New York

    A unique opportunity to live, earn, and invest in a beautifully maintained legal two-family brick home with an established furnished rental operation.

    Offering approximately 3,000 square feet of living space, the property combines a spacious owner-occupied garden level with income-producing upper floors configured with multiple private bedrooms. Since 2018, the current owner has successfully operated the furnished rental business with approximately 98% occupancy and a strong history of long-term professional tenants. The established rental performance provides immediate income potential, with additional upside for the next owner. Detailed financials, including historical and projected income, are available upon request.

    The property has also benefited from substantial capital improvements, including a new roof with solar panels (2021), updated plumbing and electrical systems, a new boiler (2024), and new central heating and air conditioning (2025). A solar tax abatement further contributes to remarkably low annual property taxes.

    Additional Highlights

    • Legal two-family brick home
    • Approx. 3,000 SF of living space
    • Owner-occupied garden level with additional income potential
    • Established furnished rental operation with approx. 98% occupancy
    • Private backyard
    • Extensive recent capital improvements
    • Energy-efficient solar panel system with tax abatement
    • Ideal for investors or owner-occupants seeking to offset carrying costs with rental income
    Whether you're seeking a turnkey income-producing investment or a home where rental income can help offset the cost of ownership, 354 Montauk Avenue offers a compelling combination of flexibility, established income, and long-term value.

    Exceptional Income-Producing Two-Family Home in East New York

    A unique opportunity to live, earn, and invest in a beautifully maintained legal two-family brick home with an established furnished rental operation.

    Offering approximately 3,000 square feet of living space, the property combines a spacious owner-occupied garden level with income-producing upper floors configured with multiple private bedrooms. Since 2018, the current owner has successfully operated the furnished rental business with approximately 98% occupancy and a strong history of long-term professional tenants. The established rental performance provides immediate income potential, with additional upside for the next owner. Detailed financials, including historical and projected income, are available upon request.

    The property has also benefited from substantial capital improvements, including a new roof with solar panels (2021), updated plumbing and electrical systems, a new boiler (2024), and new central heating and air conditioning (2025). A solar tax abatement further contributes to remarkably low annual property taxes.

    Additional Highlights
    • Legal two-family brick home
    • Approx. 3,000 SF of living space
    • Owner-occupied garden level with additional income potential
    • Established furnished rental operation with approx. 98% occupancy
    • Private backyard
    • Extensive recent capital improvements
    • Energy-efficient solar panel system with tax abatement
    • Ideal for investors or owner-occupants seeking to offset carrying costs with rental income
    Whether you're seeking a turnkey income-producing investment or a home where rental income can help offset the cost of ownership, 354 Montauk Avenue offers a compelling combination of flexibility, established income, and long-term value.

    Listing Courtesy of The Corcoran Group
  • Contact
  • Matthew Coleman

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    Licensed Broker - President

    W: 212-677-4040
    M: 917-494-7209
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  • Matthew Coleman

    License

    Licensed Broker - President

    W: 212-677-4040
    M: 917-494-7209
    • Email Me
    • Download Contact

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
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31 East 12th Street, New York, NY 10003
Tel: 212.677.4040 | Fax: 212.677.4041 | info@colemanrealestate.com
© 2026 by Coleman Real Estate.  All Rights Reserved
31 East 12th Street, New York, NY 10003
Tel: 212.677.4040
Fax: 212.677.4041
info@colemanrealestate.com

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T01.50.0.0 | Core: 50.0.0
31 East 12th Street, New York, NY 10003
T:   212.677.4040   |   Email:   info@colemanrealestate.com
T01.50.0.0 | Core: 50.0.0