Checking In On 166 Montague Street
The renovation of the former Franklin Trust building at 166 Montague Street in Brooklyn Heights is moving along, and the sellers are gradually releasing apartments into the market. To date, three are on the market and another four have gone into contract at prices ranging from $850,000 to $1,240,000, leaving 17 more units yet to…
The renovation of the former Franklin Trust building at 166 Montague Street in Brooklyn Heights is moving along, and the sellers are gradually releasing apartments into the market. To date, three are on the market and another four have gone into contract at prices ranging from $850,000 to $1,240,000, leaving 17 more units yet to make their debut. So far, the A-line appears to be the clear favorite. Any readers checked it out yet?
166 Montague Street Listings [StreetEasy] GMAP
Update on the 166 Montague Street Conversion [Brownstoner]
Franklin Trust on Montague Going Residential [Brownstoner]
what is a professional troll? are they licensed by the state? Having been away from the site for a few days I found today’s comments to be rather boring and spare. Perhaps an indicator of a local downturn in r.e. markets?
There are so many professional trolls on this site now. It’s just nowhere near as easy as it once was.
oh NO!… please dont let THIS turn into residential housing too!..
Party Monster Palace —Attention all early-’80s clubkids that have become rich investor types (we know you’re out there): The Limelight can be yours for somewhere around $60 million. Apparently a deal to turn the old church/club into a private event space fell through, and the owner is willing to sell (or rent for $2.4 million per year). It was last the nightclub Avalon, of course. [BlackBook]
-rob
lol okay yeah i kinda do. ha. sorry about my original “bland” comment. if i could afford to live in a unit in the building you know id be there in a heartbeat as well.
-rob
ok rob – fair enough
“i didnt necessarily say the people living in these are necessarily bland.. ”
you did – but i’ll accept this revision.
maybe i just took offense to the comment b/c i’d love to live in this building and was considering looking at it (although it’s doubtful i can afford it) and realized that i must be one of the bland lives you were referring to (which is probably true by the way). so i apologize for my anti hipsters who hate me sentiment.
but – i think taking industrial / office buildings like this and adapting for residential use is a great idea, they make for excellent spaces to live in. 110 livingston is probably a close (albeit larger) example.
“big clubs (and i do not go to clubs btw so dont even go there) ” – cmon rob, i know you really wanted this to be brooklyns version of the palladium, admit it.
but i never said the OUTSIDE of the building was boring, just what the INSIDE is being turned into. a beautiful building like that should serve a better purpose than to house people.
-rob
sam, okay i didnt even think about that point. true..
-rob
im not getting into an argument with you robertmoses. you definitely twisted my words around. i didnt necessarily say the people living in these are necessarily bland.. just that turning such a cool building that could be used for something interesting (i.e. not just another residential conversation) would be great. what is the goal of nyc now? to be 100 percent residential by the year 2020? isnt that the definition of country/rural/suburban living? have you even heard about the task force about shutting night life down all over lower manhattan (yes there is an actual task force but no one seems to talk about it)? big clubs (and i do not go to clubs btw so dont even go there) and great venues are forced to shut down because now every little section of manhattan (and brooklyn too) is turning into a residential cesspool. yeah yeah i know, move to detroit. whatever. sorry i didnt mean to derail this thread, but i needed to get this out and not have my words twisted.
-rob
The issue with many historic office buildings is that the floors are not large enough to accommodate many kinds of office tenants. They are actually much better suited for residential layouts. If it were not for the ability to adapt historic commercial buildings and industrial buildings into residences, whole swaths of the city such as SoHo, Tribeca, and DUMBO would have been razed and replaced with standard-issue modern highrise construction. I am a big fan of this sort of conversion and do not think it is boring in the least. This particular building is an architectural gem. A Romanesque-style skyscraper dating back to 1891. It is a really special building in a terrific residential location. It makes all the sense in the world to redevelop it as apartments. The architecture and the location can’t be beat. How anyone could say it is “boring” is beyond me. If you are looking for boring, visit one of the new cookie-cutter condo towers sprouting up like weeds at a location near you.