$1,485,000

354 MONTAUK Avenue, New York City, NY 11208

  • 8 beds |
  • 3 baths |
  • 3,000 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1901
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $495/sqft
  • Property List Date Icon Listed 25 days ago

Property 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.

Listing Status:
Active
Date Added:
July 16, 2026
Data Last Updated:
August 11, 2026 at 2:20AM
Listing Office:
Corcoran Group : (212) 355-3550
Listing Agent:
Jin Hee Son : 9175193440
MLS ID:
RLS20104128
  • General: Smoke Free
  • Appliances: Washer Dryer Allowed
  • Laundry: Washer HookupIn Unit
  • Basement: Other
  • A/C: ElectricOther
  • General: Private Outdoor Space Over 60 Sqft
  • Pool: Building None
  • General: 2
  • Originating MLS: RLS_REBNY
  • County: Kings
  • Zoning: 04071-0039
  • View: Other
  • Source: RLS_REBNY

This listing courtesy of Jin Hee Son , Corcoran Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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