354 Montauk Ave, Brooklyn, NY 11208

Property Description

Exceptional Income-Producing Two-Family Brick Home in East New York Discover a rare opportunity to own a beautifully maintained legal two-family brick home that combines comfortable owner occupancy with a well-established furnished rental operation. Thoughtfully renovated and meticulously maintained, this property is ideal for investors, owner-occupants, or buyers seeking to offset their housing expenses with significant rental income. The home features a spacious owner-occupied garden level, while the upper floors are configured to maximize rental potential with multiple private bedrooms. Since 2018, the current owner has successfully operated the furnished rental business, maintaining approximately 98% occupancy with a strong history of reliable, long-term professional tenants. The property offers a proven track record of strong rental performance, with additional upside potential. Detailed financial information, including actual and projected income, is available upon request. Significant capital improvements provide peace of mind for the next owner, including a new roof with solar panels (2021), updated plumbing and electrical systems, a new boiler (2024), and a new central heating and air conditioning system (2025). The property also benefits from a solar tax abatement, helping keep annual property taxes remarkably low. Additional Highlights Legal two-family brick home Spacious owner-occupied garden level with income potential Established furnished rental operation with approximately 98% occupancy Approximately 3,000 square feet of living space Private backyard with generous outdoor space Updated major building systems Energy-efficient solar panel system with tax abatement Ideal for investors or owner-occupants seeking additional income Whether you're looking for a turnkey investment or a home that generates substantial rental income, 354 Montauk Avenue offers exceptional flexibility, strong cash flow potential, and long-term value.