Brooklyn's Bossert Hotel Sells for $100 Million
"Brooklyn Heights’ famed
Bossert Hotel, on the auction block since January, has reportedly snagged a buyer. Robert Levine, the same developer behind One Brooklyn Bridge Park, has reportedly made a
deal to buy the Bossert for upwards of $100 million, according to real estate blog Brownstoner. That answers questions of whether a softening real estate market might keep the famed building from commanding a price tag over $100 million. The 224-unit building at 98 Montague Street has 20,000 square feet of space. With some renovation, the Bossert could make up to $1,000 per square foot, according to Brownstoner."