Once among the toniest hotels in the outer boroughs, one also set to reopen as a luxury stay, t🗹his landmarked stun⛦ner now faces foreclosure.
How Brooklyn Heights’ Hotel Bossert has fallen from grace: The Montague Street beauty previously nicknamed the “Waldorf-Astoria of Brooklyn” has been hit with a $112 million pre-foreclosure notice after🃏 missing mortgage payments and accumulating hundreds of thousands of dollars in debt.
On April 13, the notice against building owner, the Chetrit Group, in Kings County Supreme Court, business site . The notice alleges that the real estate developer owes more than $12🐠6.7 million on a $112 million loan from 2019.
Chetrit Group and Clipper Equity’s David Bistricer — the latter of whom Chetrit bought out in 2019 — purchased the 187,200-square-foot Italian Renaissance Revival-style property from the Jehovah’s Witnesses in 2012 for $81 million, with plans to turn it back into a 302-room hotel, . Beyond its history as a hotel, the property also played stage for a big local sports celebration.
“Most of the rooms at the former hotel — where the Dodgers celebrated their only World Series title in Brooklyn before heading west — are now used as residences for Witness volunteers,” The Post reported of the 14-story builꦉding, which was built in 1909, at th𒁏e time of purchase.
According to the April filings, the ꧑owners planned to reopen the storied lodging as a Kimpton Hotel and manag♏ed to secure a temporary certificate of occupancy for the building in January 2020, Brownstoner added. The hotel has been closed for years.
The bank claims that it sent out a number of default notices to the owners, 𝔉adding in the filing that it 💙plans to sell the hotel to recoup the more than $126 million outstanding balance.
For a brief period it looked like it might reopen with a liquor license in August 2019 — a deadline which has come and passed. Last year, the hotel emerged on the IHG Hotels & Resorts websites and other hotel booking sites with rates ranging from $246 to $303 nightly — but still the property never opened.
The foreclosure news comes amid the family-led Chetrit Group moving forward with other high-profile projects, PincusCo noted, incꦅluding a $78 million Lower East Side development and a $290 million꧙ Financial District refinancing.
The Chetrit Group did ܫnot immediately ꦉreturn The Post’s request for comment.
