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.