A longstanding longshoreman’s watering hole in Brooklyn Heights could close as its owner is looking to sell the property as part of a $56 million deal that would list the entire block.
Pepe Montero, the owner of Montero’s Bar & Grill at 73 Atlantic Avenue, and six of his neighbors are looking to sell their properties for $7 million each, according to the New York Times.
“Everyone else on the block wants to sell, so I said O.K.,” Montero told the newspaper. One neighbor appears to own two plots on the stretch of Atlantic Avenue.
The potential deal means that the bar — which originally opened across the street in 1939 — will close its doors. A new owner could control the full block that spans from the bar to the Brooklyn-Queens Expressway.
The rest of the area is no stranger to new development. Hundreds of new luxury apartments are coming online and Barney’s has opened nearby.
Correction: Eight buildings are on the market, not seven.