The Gora Group Acquires Office Asset In Brooklyn Heights For $16.8M From Treeline Companies

188 Montague Street

$16,800,000

$326/SF

Building Size

51,385 SF

Asset Type

Office

Closing

Jun 9, 2026

AI

The property involved in this transaction is an office asset located at 188 Montague Street in the Brooklyn Heights market. The transaction price for the asset was $16,800,000, and it has a total square footage of 51,385, resulting in a price per square foot of $326.

Summary of transaction details:

Property Type: Office
Transaction Amount: $16,800,000
Square Footage: 51,385
Price per Square Foot: $326
Buyer: The Gora Group
Seller: Treeline Companies
Brokers: Daniel O'Brien, Loren Valla, Henry Hill, Caroline Hodes, Ross Kaplan & Justin DiMare - Newmark
Transaction Date: 6/10/2026

The deal involved notable individuals and firms, with The Gora Group acquiring the property from Treeline Companies, facilitated by the brokerage team at Newmark, which included six representatives from the firm. This transaction underscores the active market dynamics in the Brooklyn Heights area.