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205 Montague Street

Jonathan Landau Of Landau Properties Acquires Development Site In Brooklyn Heights For $140M
SOLDDevelopment Site

Jonathan Landau Of Landau Properties Acquires Development Site In Brooklyn Heights For $140M

205 Montague Street

$140,000,000

Building Size

Asset Type

Development Site

Closing

Dec 11, 2025

AI

205 Montague Street, located in Brooklyn Heights, is a development site purchased for $140,000,000. The asset will feature a 47-story mixed-use tower comprising 136 units. The buyer, Landau Properties, is acquiring the site with a financing structure that includes $113,000,000 in Northwind financing and $100,000,000 in equity.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $140,000,000
  • Buyer: Jonathan Landau - Landau Properties
  • Seller: Michael Cayre - Midtown Equities
  • Date of Transaction: 12/11/2025
  • Market: Brooklyn Heights
  • Financing Details: $113,000,000 in Northwind financing and $100,000,000 in equity

Jonathan Landau, serving as the CEO of Landau Properties, leads the company in this significant acquisition. The seller, Michael Cayre, is associated with Midtown Equities, further facilitating this strategic transaction aimed at launching a new mixed-use project.

Players

Jonathan Landau

Buyer

$2B

vol

8 deals

Buyer
Midtown Equities
Midtown EquitiesSeller

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.11%

Cash-on-Cash

-0.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93