Eagle: 109 Montague Sold; Heights Books to Smith Street

By on February 10, 2009 5:46 pm in Real Estate

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.

Share this Story:

, ,

  • Anonymous

    Food based business? McDonalds? Dunkin Donuts? Taco Bell?

  • http://instaputz.blogspot.com ts

    Sucks. Part of what bothers me about this is that it wasn’t inevitable. Heights Books could have been a well-trafficked, profitable place. They have amazing inventory, perhaps a better first edition section than any place in the city. But they’ve never gone out of their way to attract people, either through decent customer service or, say, readings.

    Montague didn’t have to lose its only bookstore.

  • Jazz

    Not to mention that they may be should have invested in some Windex and a Swiffer. Seriously.

  • GHB

    That blows. Another independent retailer on Montague bites the dust. It’ll be easier to go to the new bookstore on Atlantic than it will to go to Smith. Why is it that Cobble Hill/Carroll Gardens is more book-friendly than the Heights?

  • Marianne

    I’ve always found the owner and the workers of the bookstore unfriendly and abrupt. However, I wish them well in their new lodgings.

  • yo

    would love to see a good bakery go in there….

  • GHB

    A good fish store.

  • nabeguy

    It’s difficult to believe that Smith St., which is undeniably one of the hottest locations around these parts, is still affordable enough for a used book store, while Montagouge Street landlords only seem to attract mediocrity. Hey, but maybe now Senor Salsa will finally get that Mexican restaurant he’s been campaigning for!

  • yo

    mmmmm, mexican food

  • cormac

    The stores on Montague Street are so lame!
    Housing Works is good, but that fashion store next to UPS leaves a lot to be desired. The waitresses at Theresa’s think they are hotter than they really are and have WAY too much attitude and are SO slow, Brooklyn Heights Cafe is terrible, who needs Banana Republic? Can we get something like a music shop please?

  • Bob

    Just not another Ricky’s, Nail Salon, or bank.

  • David on Middagh

    They will be missed.

  • Andrew Porter

    The “fashion store next to UPS” has been out of business for a couple of months now.

    A music shop. That sells piano rolls and sheet music and 78rpm records….

    Sorry, I was caught in a timewarp, thought I was in 1910.