Big Bank on Montague Street

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The landmark Chase bank building on Montague and Clinton traded hands for $9,700,000, according to public records. The building was finished in 1916 and originally constructed for the Brooklyn Trust Company. Last year, Chase sold it to Brookfield Asset Management; the bank still leases 177’s ground floor. The building’s most recent owner is a Manhattan-based firm named Stahl Real Estate Company, which is reportedly building a condo on Bridge Street. No word on whether a conversion is eventually in the cards for 177 Montague, most of which is leased to the law firm Cullen and Dykman. Whatever its future, this is what the “Guide to New York City Landmarks” has to say about the building’s past:

The Brooklyn Trust Company, established in 1866, was responsible for the construction of the most beautiful building on Brooklyn’s bank row. York & Sawyer created an elegant structure modeled on Italian Renaissance designs…The building set a precedent for the firm’s largest Renaissance banks—[Manhattan’s] Central Savings Bank and the Federal Reserve Bank…The monumentally scaled space has a vaulted, coffered ceiling with enormous chandeliers, grand arched windows, and a Cosmati-work floor of intricately patterned marble mosaic.

177 Montague [Property Shark] GMAP

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