--- title: "354 MONTAUK Avenue, New York City, NY 11208" description: "354 MONTAUK Avenue, New York City, NY 11208 — Multi Family Home in East New York, Brooklyn, NY. Listing Price $1,449,000. 8 bed, 3 bath, 3,000 sqft Illustrative Buyer Commission Share of $21,735 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11208/354-montauk-avenue-ny-11208" source: "Real Estate Rebate Team" dateModified: "2026-08-31T18:08:10.698Z" status: "Active" --- # 354 MONTAUK Avenue, New York City, NY 11208 Multi Family Home in East New York, Brooklyn, NY Courtesy of Corcoran Group Last updated: August 31, 2026, 2:08 PM ## At a Glance - **Listing Price**: $1,449,000 - **Beds**: 8 - **Baths**: 3 - **Sqft**: 3,000 - **Monthly Taxes**: $53 / mo - **Price per Sqft**: $483 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $1,449,000 - **Illustrative Buyer Commission Share**: -$21,735* - **Illustrative Net Cost**: $1,427,265 *Illustrative Buyer Savings of $21,735 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2f6eaee0-77f1-46fd-a7aa-f3c5a5bb3323.jpg) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c61649c4-9682-46fc-a506-1f52026c1c74.jpg) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/b6b4a6a6-e4d5-4d08-9e6f-8cf8c7dd0a9f.jpg) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/10902a78-43b5-4233-889f-5e8cf95a3987.jpg) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/8dece722-740c-47eb-9b9c-e1f92eed2429.jpg) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c4f83c09-07f5-498f-bc34-ddeadcfa887e.jpg) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/5216239c-1cf1-4ae1-92af-08396c506eb2.jpg) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/95213068-7ce1-4f34-ac97-04a8d8504f52.jpg) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/d20eb6af-89de-4129-860a-51c87b8fba1a.jpg) ![354 MONTAUK Avenue, New York City, NY 11208 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/06f55072-4fa7-482f-8fe2-42beedcbb491.jpg) ## Property Overview 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 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 Conveniently located near multiple transit options, including the A/C trains at Shepherd Avenue and Euclid Avenue and the 3 train at New Lots Avenue, providing easy access throughout Brooklyn and into Manhattan. 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. ## Property Details - **Property Type**: Multi Family - **Beds**: 8 - **Baths**: 3 - **Rooms**: 10 - **Sqft**: 3,000 sqft - **Stories**: 2 - **Year Built**: 1901 - **Price per Sqft**: $483 - **Monthly Taxes**: $53 / mo - **Listed On**: Jul 16, 2026 - **Days on Market**: 52 Days ### Residence Features - Electric - Washer Hookup - In Unit - Private Outdoor Space Over 60 Sqft - Smoke Free - Washer Dryer Allowed ## Sales Evidence ### How this price compares The median closed price for comparable house sales in East New York is $1,000,000, based on 10 sales between February 2022 and July 2026. This home is asking $1,449,000, $449,000 above that median. The middle half of those sales closed between $848,500 and $1,220,000. - **Median closed price**: $1,000,000 - **Middle half**: $848,500 – $1,220,000 - **Based on**: 10 house sales in East New York - **Period**: February 2022 – July 2026 - **Median $/ft²**: $467/ft² Across the 9 of these sales with a published asking price, the median closed at 93.8% of what it originally asked. 78% of them closed below the original ask. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across East New York. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sold vs original ask**: 93.8% of the original ask - **Closed below ask**: 78% of 9 sales - **Listed → in contract**: 54 days (about 8 weeks) - **In contract → closed**: 94 days (about 13 weeks) Across the 9 of these sales with a published asking price, the median closed at 93.8% of what it originally asked. 78% of them closed below the original ask. Half of these homes were in contract within 54 days (about 8 weeks) of coming to market, based on the 10 with a recorded listing date. Once a deal was agreed, closing took a further 94 days (about 13 weeks), based on the 10 with both dates recorded. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Based on 10 house sales in East New York, February 2022 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 354 MONTAUK Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/354-montauk-avenue) ## Price and Property History for 354 MONTAUK Avenue Review the recorded listing activity for 354 MONTAUK Avenue, including asking-price changes and prior market dates. - **Latest price change**: Reduced by $36,000, or 2.4%, on August 14, 2026 - **Originally listed**: July 16, 2026 at $1,485,000 - **Current asking price**: $1,449,000 | Date | Price | Listing event | | --- | --- | --- | | August 14, 2026 | $1,449,000 | Asking price reduced by $36,000, or 2.4% | | July 16, 2026 | $1,485,000 | Listed for sale by Corcoran Group | ## Property Tax History Taxes at 354 MONTAUK Avenue were $4,490 in 2026. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $77,940 | $10,080 | $67,860 | $22,356 | $4,490 | 20.085% (estimated) | | 2025 (FY 2025/26) | $59,280 | $10,080 | $49,200 | $22,356 | $4,490 | 20.085% (estimated) | | 2024 (FY 2024/25) | $56,700 | $10,080 | $46,620 | $22,176 | $4,454 | 20.085% | | 2023 (FY 2023/24) | $60,960 | $10,080 | $50,880 | $20,921 | $0 after $7,600 abatement | 20.085% | | 2022 (FY 2022/23) | $66,780 | $10,080 | $56,700 | $19,739 | $4,009 | 20.309% | | 2021 (FY 2021/22) | $51,540 | $10,080 | $41,460 | $18,630 | $3,719 | 19.963% | | 2020 (FY 2020/21) | $46,500 | $10,080 | $36,420 | $18,630 | $3,921 | 21.045% | | 2019 (FY 2019/20) | $49,620 | $10,080 | $39,540 | $18,480 | $3,912 | 21.167% | | 2018 (FY 2018/19) | $17,434 | — | — | $17,434 | $3,647 | 20.919% | | 2017 (FY 2017/18) | $16,449 | — | — | $16,449 | $3,353 | 20.385% | | 2016 (FY 2016/17) | $15,525 | — | — | $15,525 | $3,104 | 19.991% | | 2015 (FY 2015/16) | $15,525 | — | — | $15,525 | $3,036 | 19.554% | | 2014 (FY 2014/15) | $15,400 | — | — | $15,400 | $2,950 | 19.157% | | 2013 (FY 2013/14) | $14,529 | — | — | $14,529 | $2,788 | 19.191% | | 2012 (FY 2012/13) | $13,708 | — | — | $13,708 | $2,545 | 18.569% | | 2011 (FY 2011/12) | $12,938 | — | — | $12,938 | $2,355 | 18.205% | | 2010 (FY 2010/11) | $12,938 | — | — | $12,938 | $2,247 | 17.364% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Where an abatement applies, Property Tax is the amount owed after it. Abatements are granted to the property and do not necessarily transfer to a new owner. Figures are the New York City Department of Finance assessment roll for tax lot 3040710039. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 354 MONTAUK Avenue 354 MONTAUK Avenue, Brooklyn, NY 11208 A building in the neighborhood, currently featuring 1 active listing. - **Year Built**: 1901 - **Total Units**: 1 - **Floors**: 2 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/354-montauk-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11208/354-montauk-avenue-ny-11208) | 8 | 3 | 3,000 sqft | $483 | $1,449,000 (-2.4%) | Corcoran Group | Jul 16, 2026 | 52 days | ## Estimated Monthly Payment **$7,380 / month**, assuming a 20% down payment ($289,800), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $7,327 - **Property Taxes**: $53 Estimates only. Actual payments may vary. Confirm terms with your lender. ## East New York Overview of East New York [Explore East New York](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-new-york) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby East New York - [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills) - [Brownsville real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brownsville) - [Howard Beach real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/howard-beach) - [Canarsie real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/canarsie) - [Ozone Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ozone-park) - [Jamaica Bay real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/jamaica-bay) ## Related Links - [354 MONTAUK Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/354-montauk-avenue) - [East New York neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/east-new-york) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.