Wednesday, January 30, 2008

Watchtower's Hotel Bossert -- Brooklyn's 'Waldorf Astoria' -- Up For Sale

The fabulous Hotel Bossert in Brooklyn Heights (Montague and Hicks) is on the market.

According to the Brooklyn Eagle, "As has been its custom, the Watchtower has attached no asking price to the property and is seeking bids and a private transaction."

Brokers contacted by the Eagle were hard-put to put an exact price on the grand hotel, but one, Arlene Waye of Awaye Realty, said, "This is a phenomenal property. It will probably bring a price in the $100 million range.” Timothy King, a senior partner at Massey Knakal Realty Services Brooklyn, said, “This is perhaps one of the most unique and most well-maintained trophy assets in Brooklyn." More.

Commenters on the Brownstoner blog offer guesses ranging from $20 million to $80 zillion.

Photo by MK Metz

1 comment:

Anonymous said...

That is an amazing deal!