70 Middagh Street

Brooklyn, NY

View Offering Memorandum

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.  

Highlights

Fully Fair Market - 100% Fair Market

Gut-Renovated - Completely Gut-Renovated Building with High-End Finishes and New Mechanical Systems

Meticulously Designed - Thoughtfully Designed Two-Bedroom Residences with Spacious Layouts
Protected Tax - Class Tax Class Protected (2B)

Ideally Located - Prime Brooklyn Heights Location, Steps from the Brooklyn Heights Promenade and Dumbo Waterfront

Convenient Transit Access - Outstanding Transit Access: Less than half a block from the A & C trains, one stop from Manhattan

Team

Brandon Polakoff

Brandon Polakoff

Principal, Executive Director of Tri-State Investment Sales
Avison Young - US - NY - New York
212 230 5998
Kyle Sabath

Kyle Sabath

Associate Director
Avison Young - US - NY - New York
212 729 6279
Patrick Madigan

Patrick Madigan

Director
Avison Young - US - NY - New York
212 729 1623
Fritz Richter

Fritz Richter

Director
Avison Young - US - NY - New York
212 735 8554
Joseph Moran

Joseph Moran

Associate Director
Avison Young - US - NY - New York
917 842 6051
Miles Davis-Bosch

Miles Davis-Bosch

Senior Associate
Avison Young
212 277 5557