The home of Heights Books, 109 Montague Street, has been sold for $3.7 million according the the Brooklyn Eagle. The bookstore will be relocating to Smith Street in March. The buyer, not named in the story, is a Brooklyn Heights resident. The Eagle reports that a food-based business may move into the bookstore space.
Brooklyn Eagle: A mixed-use 8,125-square-foot building at 109 Montague St. in Brooklyn Heights recently sold for $3.7 million.
The sale price represented $455.38 per square foot, according to Massey Knakal Realty broker Stephen Palmese, who represented the seller along with broker Paul Smadbeck.
“I think it was an extraordinary price for this market. Today, more than ever, there’s a flight to quality. The marketplace is quite vibrant when dealing with clean buildings in prime locations.” he told the Eagle Tuesday, adding that this is definitely a clean building and definitely in a prime location.