70 Middagh Street

Brooklyn, NY

Overview

Summary

Asking Price $8,250,000
Total Units 10
Total Size 9,102 SF
Lot Size 2,031 SF

Avison Young, as the exclusive agent is pleased to offer for sale The Dakota at 70 Middagh Street (the “Property”), a 5-story, 20’ walk-up building located on the south side of Middagh Street between Henry Street and Hicks Street in Brooklyn Heights. The property spans approximately 9,102± SF across ten (10) residential units comprising eight (8) two-bedroom, one-bathroom units, one (1) two-bedroom, one-bathroom unit with an expansive private backyard, and one (1) two-bedroom, two-bathroom unit.

Each unit has been meticulously gut renovated with a focus on modern functionality and high-end design while keeping the historic charm of what Brooklyn Heights residents have been accustomed to. Each apartment has been meticulously renovated to feature engineered hardwood floors, recessed lighting, Carrera-marble countertops, brand-new stainless-steel appliances, luxury bathroom with ceramic tiling, split-system HVACs, and in-unit washers and dryers.

The Dakota at 70 Middagh Street presents the rare opportunity to acquire a 100% free market, fully remodeled boutique luxury multifamily building with significant cash flow, strong rental growth projections, and no deferred maintenance in Brooklyn’s most luxurious submarket.