98 Montague Street, Brooklyn
Hotel · built c. 1909 · Block 248, Lot 15.
Building permits
- Alteration, filed Oct 22, 2026, estimated cost $65.6M, described as “Convert existing 14-story hotel to residences and add a 1-story addition. An amended Certificate of Occupancy will be obtained.”
- Alteration, filed Oct 7, 2026, estimated cost $12K, described as “Installation of 300 psf sidewalk shed as per plans. All equipment shall comply with chapter #33 of the 2022 code. No change in use, egress or occupancy under this application.”
- Alteration, filed Sep 3, 2026, estimated cost $5K, described as “File-supported pipe scaffold as shown on the plan. No change in use, egress, or occupancy under this application.”
- Alteration, filed Aug 28, 2026, described as “File suspended scaffold outrigger systems for facade restoration and inspection.”
- Alteration, filed Jun 23, 2026, estimated cost $4K, described as “Installation of temporary overhead protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 19, 2026, estimated cost $4K, described as “Installation of temporary roof protection as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 13, 2026, estimated cost $719K, described as “Interior demolition of partitions as per plans no change in use, egress or occupancy.”
- Alteration, filed May 13, 2026, estimated cost $160K, described as “Install temporary dry standpipe system with air pressurized alarm system during renovation of the building. Related job number, B01398578-I1”
- Alteration, filed May 12, 2026, estimated cost $8K, described as “Installation of temporary construction fence”
- Alteration, filed Apr 29, 2026, estimated cost $719K, described as “Interior demolition of partitions as per plans no change in use, egress or occupancy.”
- Alteration, filed Apr 3, 2026, described as “Installation of temporary pipe scaffold as per plans. No change in use, egress or occupancy.”
- Alteration, filed Nov 5, 2025, described as “Installation of temporary sidewalk shed canopy as per plans. No change in use, egress or occupancy.”
- Alteration, filed May 15, 2023, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Aug 7, 2020, described as “Installation of temporary sidewalk shed as per plans. No change in use, egress or occupancy.”
- Alteration, filed Jun 9, 2020, estimated cost $16K, described as “Install new steam fired water heaters for Hotel. No Change to use , egress or occupancy.”
Property taxes
- Assessment
- $23,520,600
- 2026–27 tax
- $2,532,594
- Market value (city estimate)
- $52,268,000
- Taxable value
- $23,346,180
- Assessed land
- $3,600,000
- Assessed improvements
- $19,920,600
Zoning
R6 (part of the lot is R7-1): floor area ratio 12.00 built, above the 2.43 base zoning allows, which bonuses, transfers or older rules can permit.
Flood zone
Current FEMA flood map: zone X, minimal flood hazard.
Recent sales
- May 23, 2025: $100,000,000
- Apr 22, 2025: $1,014,686
Open-market sales since 2016, from the Department of Finance’s sales files.
Landmarks
Part of Brooklyn Heights Historic District (Historic District). 50 Landmarks Preservation Commission permits are on file.
Board and land use applications
- Change to an earlier grant (Board of Standards and Appeals 189-12-BZIV): Change to an earlier grant, Granted, filed Dec 11, 2023, decided Feb 12, 2024. Extension of Time to Complete Construction and Obtain a Certificate of Occupancy of a previously approved Variance (§72-21) to permit the conversion of an existing building into a transient hotel (UG 5), contrary to use regulations…
- Change to an earlier grant (Board of Standards and Appeals 189-12-BZIII): Change to an earlier grant, Granted, filed Aug 25, 2020, decided Nov 29, 2021. Extension of Time to Complete Construction of a previously approved Variance (§72-21) to permit the conversion of an existing building into a transient hotel (UG 5), contrary to use regulations (§22-00) which expired on July 23, 2020.…
- Change to an earlier grant (Board of Standards and Appeals 189-12-BZII): Change to an earlier grant, Granted, filed Jan 11, 2017, decided Jul 23, 2019. Extension of Time to Complete Construction of a previously approved Variance (§72-21) to permit the conversion of an existing building into a transient hotel (UG 5), contrary to use regulations (§22-00) which expired on January 8, 2017.…
- Variance or special permit (Board of Standards and Appeals 189-12-BZ): Variance or special permit, Granted, filed Jun 12, 2012, decided Jan 8, 2013. Variance (§72-21) to permit the conversion of an existing building into a transient hotel (UG 5), contrary to use regulations (§22-00). C1-3/R7-1, R6 zoning districts.
In the news
LPC To Review Revised Proposal for Hotel Conversion At 98 Montague Street In Brooklyn Heights, Brooklyn, New York YIMBY, Aug 27, 2026.