162 Montague CC LLC obtained financing of $8M from Pacific Western Bank

162 Montague CC LLC as borrower signed a loan agreement with lender Pacific Western Bank valued at $8.0 million for 3 parcels, including the tax class retail building with apartments above (K4) and containing 7 residential units at 155 Montague Street, 162 Montague Street, 6 Stone Street in Brooklyn Heights. The deal closed on June 07, 2019 and was recorded on August 05, 2019.
The property contains a total of 54,915 square feet of built space. The property has 31,810 square feet of available development rights.
The average loan per buildable square foot is $146.
The last time the property sold was June 07, 2019, for $5,000,000.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link