940 Montgomery St, Brooklyn, NY 11213

ACCEPTED OFFER This Legal 4 family semi-detached brick townhouse sits on a 40 x 120 lot and has 4000 square feet of living space. The property contains three 2 bedroom apartments, one 3 bedroom apartment, a finished basement and a three car garage, and is conveniently located in close proximity to the Utica 3 & 4 subway stop. there are currently 3 vacancies and one occupied apartment but will be delivered vacant at closing. The property is in fair condition and offers tremendous potential. An investor can upgrade the kitchens and baths to capitalize on high residential rents, duplex the first floor units with the finished basement to maximize living space for higher rents and later utilize the additional 12,552 square feet of air rights to re-position the property into condominiums. Or can be ideal for a home buyer to occupy one or 2 units, collect rents and live rent-free. Annual real estate tax: $11,788 Zoning: R7-1 FAR; 3.44