8 Beds
3 Baths
3,000 sqft
$1,385,000
354 MONTAUK Avenue, Brooklyn NY, 11208
Price per sqft$461.67
Built in1901
Property size3,000 sqft
Property typeTownhomes
Overview
Active
Listed Jul 16, 2026
Updated 13 days ago
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 $115K in gross annual income 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). The 12,000-watt solar panel system is designed to significantly offset electricity usage, while a solar tax abatement further contributes to remarkably low annual property taxes.
Additional Highlights
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.
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 $115K in gross annual income 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). The 12,000-watt solar panel system is designed to significantly offset electricity usage, while 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. $115K gross annual income
- Private backyard
- Extensive recent capital improvements
- 12,000-watt solar panel system designed to significantly offset electricity usage
- Solar tax abatement contributing to low annual property taxes
- 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.
$9,214/mo
Est. mortgage payment based on a $1,385,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- RLS20104128
Interior Features
- Bedrooms
- 8
- Bathrooms
- 3
- Cooling
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.05 Acres
Other Property Details
- Taxes
- $636
- Tax Frequency
- Annually
Listing Courtesy of Corcoran Group - Jin Hee Son
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
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 The Real Estate Board of New York, Inc., All rights reserved
RLS Data display by Side. Data last updated on 9/24/2026 at 2:16 PM UTC
