Office building with commercial space · Downtown Brooklyn, Brooklyn
188 Montague Street
Brooklyn, NY 11201
188 Montague Street is an 11-floor office building with commercial space in Downtown Brooklyn, Brooklyn, built in 1924, with about 41,000 square feet of office space according to city records.
Also at 188-190 Montague Street and 165 Remsen Street.
- Office space
- 41K SF
- Floors
- 11
- Year built
- 1924
- Zoning
- C5-2A
The 63rd largest of the 63 office buildings we track in Downtown Brooklyn. Compare it with 6 neighbors
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Compared with its neighbors
How 188 Montague Street compares
Next to the 6 nearest large office buildings, all within a 1 minute walk, 188 Montague Street is the smallest by office floor area. Built in 1924, it is the oldest of them. Its estimated property tax, about $10.11 a square foot of floor area before abatements, is below the neighbors' median of $11.79.
| Building | Office space | Floors | Built | Tax / SF | Last sale |
|---|---|---|---|---|---|
| 188 Montague Street | 41K SF | 11 | 1924 | $10.11 | Jun 2026, $16.8M |
| 175 Remsen Street | 123K SF | 12 | 1962 | $10.31 | n/a |
| Montague-Court Building, 16 Court Street | 275K SF | 37 | 1927 | $11.88 | Oct 2017, $171M |
| Court and Remsen Building, 26 Court Street | 280K SF | 29 | 1926 | $11.71 | n/a |
| 195 Montague Street | 211K SF | 14 | 1960 | $13.62 | n/a |
| 185 Montague Street | 54K SF | 15 | 1930 | $10.54 | n/a |
| 205 Montague Street | 57K SF | 6 | 1962 | $12.90 | Dec 2025, $141M |
Sources: NYC Department of City Planning, PLUTO 26v2 for size, floors and year built; NYC Department of Finance 2026/27 roll for tax (taxable value times the class rate, before abatements, over the whole floor area); ACRIS for the last deed that moved the whole lot for a real price (a price for several lots is their combined price; condominiums sell by the unit and show n/a). Large means at least 35,000 SF of the building's main use. Walking times are straight-line estimates.
NYC tax lot records
Building facts
- Other addresses
- 188-190 Montague Street; 165 Remsen Street
- ZIP code
- 11201
- Building type
- Office building with commercial space (city class O6)
- Total floor area
- 48,050 SF
- Commercial floor area
- 48,050 SF
- Office
- 40,850 SF
- Retail
- 7,200 SF
- Height
- 11 floors
- Average floor
- About 4,400 SF (floor area divided by floors)
- Year built
- 1924
- Last major alteration
- 2008
- Lot area
- 7,200 SF
- Zoning district
- C5-2A
- Built FAR
- 6.67
- Max commercial FAR
- 10
- Historic district
- Borough Hall Skyscraper Historic District
- Tax lot (BBL)
- 3002500036
Nearest subway
- Court St
- Jay St-MetroTech
- Clark St
Source: NYC Department of City Planning, PLUTO 26v2, pulled 2026-10-05; addresses from the Property Address Directory (PAD) 26b; subway stations from the MTA Subway Stations dataset, pulled 2026-10-05. Floor areas are the city's estimates for the whole building, not available space. Walking times are straight-line estimates. How we build these pages. Something wrong on this page? Tell us.
NYC Department of Finance records
Owner, property tax and assessed value
The Department of Finance lists TREELINE 188 MONTAGUE LLC as the owner of record. For tax year 2026/27 the city values 188 Montague Street at $9.95 million and assesses it at $4.48 million. After phase-ins and exemptions its taxable value is $4.48 million; at the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists) that comes to about $485,768 a year before abatements, roughly $10.11 per square foot of floor area. Commercial leases here often pass a tenant's share of tax increases over a base year through as additional rent.
- Owner of record
- TREELINE 188 MONTAGUE LLC
- Tax class
- Class 4 (commercial and industrial)
- City market value
- $9,951,000
- Land market value
- $1,660,000
- Assessed value
- $4,477,950
- Estimated yearly tax
- About $485,768
- Tax per SF of floor area
- About $10.11
City market value by tax year
Source: NYC Department of Finance, Property Valuation and Assessment Data (2026/27 roll; owner names as the roll records them, which cuts some long names short), pulled 2026-10-09; tax rate from the Department of Finance tax rates page, checked 2026-09-28. The estimate is the taxable value times the class rate. It leaves out abatements, payment-in-lieu-of-taxes agreements and charges, so the actual bill can differ.
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NYC property records (ACRIS)
Sales history
188 Montague Street last sold in June 2026 for $16.8 million, according to the deed recorded with the city. TREELINE 188 MONTAGUE LLC sold it to 188 MONTAGUE LLC. That comes to about $350 per square foot of floor area.
- Last sale (deed date)
- June 10, 2026
- Price
- $16,800,000
- Price per SF of floor area
- About $350
- Seller
- TREELINE 188 MONTAGUE LLC
- Buyer
- 188 MONTAGUE LLC
- Deed recorded
- June 23, 2026
- ACRIS document
- 2026061500407001
Source: NYC Department of Finance, ACRIS, Real Property Master, Legals and Parties, pulled 2026-10-09; prices as the deeds state them, names as recorded (companies and public bodies only). Shown are deeds that move the whole lot for a real price. Transfers between related companies for a nominal sum, sales of partial interests, land sales before the building went up and sales of the company that owns a building are left out.
NYC Department of Buildings permits
Work permits and build-outs
In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at 188 Montague Street. In the last two years, interior work was permitted on 3 floors (floors 6 to 8). The newest build-out, on floor 8, was first permitted in May 2026 (construction; filed cost estimate $5,000). A sidewalk shed permit here is active until October 13, 2026.
- New jobs, last 12 months
- 3
- Initial permits, last 12 months
- 6
- Newest job first permitted
- June 2026
- Interior build-outs, last 24 months
- 2
- Floors with interior work, last 24 months
- 6 to 8
- Facade and sidewalk jobs, last 24 months
- 1
- Sidewalk shed permit
- Active until Oct 13, 2026
Recent build-outs
New jobs by year
Build-outs across Downtown BrooklynWhere NYC offices are being built out
Source: NYC Department of Buildings, DOB NOW: Build Approved Permits, pulled 2026-10-09 (permits issued through 2026-10-06). A job counts once, when its first permit is issued; renewals are not new work. A build-out groups jobs on the same floors first permitted within 120 days of each other. Costs are the estimates filed with the jobs. Jobs filed before DOB NOW (in the older BIS system) are not counted. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
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Questions about 188 Montague Street
How big is 188 Montague Street?
188 Montague Street has about 48,000 square feet of floor area in total, including 41,000 square feet of office and 7,000 square feet of retail, according to NYC PLUTO 26v2. These are the city's estimates for the whole building, not space that is available.
When was 188 Montague Street built?
City records list 1924 as the year built, with a major alteration recorded in 2008. The building is 11 floors tall.
What other addresses does 188 Montague Street have?
City records list 188-190 Montague Street and 165 Remsen Street on the same tax lot (BBL 3002500036) as 188 Montague Street. A space listed on Leasemark at any of these addresses shows up on this page.
What is the ZIP code of 188 Montague Street?
188 Montague Street is in ZIP code 11201, according to the city's tax lot records (NYC PLUTO 26v2) and the Department of Finance's assessment roll. The full mailing address is 188 Montague Street, Brooklyn, NY 11201, in Downtown Brooklyn.
What is the zoning at 188 Montague Street?
The lot is in the C5-2A zoning district. PLUTO lists a built floor area ratio (FAR) of 6.67 and a maximum commercial FAR of 10 for this lot. It is inside the Borough Hall Skyscraper Historic District, so exterior changes go through the Landmarks Preservation Commission.
What subway station is closest to 188 Montague Street?
The closest subway station to 188 Montague Street is Court St (the R, 2, 3, 4 and 5 trains, connected to Borough Hall), about 150 feet away in a straight line, roughly 1 minute on foot. Also nearby: Jay St-MetroTech (the A, C, F and R trains), 5 min walk; Clark St (the 2 and 3 trains), 5 min walk. Walking times are straight-line estimates; the street route is longer.
Who owns 188 Montague Street?
The NYC Department of Finance's 2026/27 assessment roll lists TREELINE 188 MONTAGUE LLC as the owner of record of 188 Montague Street (BBL 3002500036). Big buildings are usually held through a company set up for that one property, so the name on the roll can differ from the landlord's brand or the managing agent. Deeds and mortgages for the lot are public in ACRIS, the city's property records system.
When was 188 Montague Street last sold?
188 Montague Street last sold in June 2026 for $16.8 million, according to the deed recorded with the city. TREELINE 188 MONTAGUE LLC sold it to 188 MONTAGUE LLC. That comes to about $350 per square foot of floor area. The deed is ACRIS document 2026061500407001 (BBL 3002500036) in the city's property records. A sale of the company that owns a building is not recorded as a deed, so it would not show there.
Is there construction at 188 Montague Street?
In the 12 months to October 2026, the Department of Buildings issued first permits for 3 jobs at 188 Montague Street. In the last two years, interior work was permitted on 3 floors (floors 6 to 8). The newest build-out, on floor 8, was first permitted in May 2026 (construction; filed cost estimate $5,000). A sidewalk shed permit here is active until October 13, 2026. These are the Department of Buildings' DOB NOW work permits for tax lot 3002500036. A permit is approval to do the work; it does not say who the work is for or whether it is finished.
What are the property taxes at 188 Montague Street?
The Department of Finance's 2026/27 assessment roll lists a taxable value of $4.48 million for 188 Montague Street. At the Class 4 rate of 10.848% (tax year 2025/26, the latest rate the Department of Finance lists), that is about $485,768 a year, roughly $10.11 per square foot of floor area, before abatements such as ICAP. The city's property tax records for BBL 3002500036 show the actual bill.
What is the assessed value of 188 Montague Street?
For tax year 2026/27, the NYC Department of Finance puts the market value of 188 Montague Street at $9.95 million ($1.66 million of it land) and its assessed value at $4.48 million, the 45% of market value the city assesses for Class 4 property. The city's market value rose 8% from 2022/23 ($9.21 million) to 2026/27.
Is there office space for lease at 188 Montague Street?
No space at 188 Montague Street is listed on Leasemark right now. Owners and brokers can list space here for free, and tenants can post a requirement to be matched when space opens up.
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