Brownstoner is reporting that The Watchtower Group has agreed to sell the Bossert Hotel [98 Montague Street] to Robert A. Levine, the developer behind condos at One Brooklyn Bridge Park. A tipster tells the site that the selling price is “north of $100 million”. Representatives for the developer would not comment on the sale to Brownstoner.
Update: Brownstoner is reporting the sale price now as $90 million and that the Bossert may be used for student housing “at least” in the short term.
Flickr photo by Josh Derr