Troubled DoBro Hotel Just Sold to Developer

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The owner of the Princess Hotel on Schermerhorn Street, which has a well-documented history as a drug and prostitute haven, sold the building for $4.975 million. A tipster tells us that the buyer is the developer behind the very successful 223 Pacific Street condos in Cobble Hill, which is also reflected in public records. What we do not know yet is what will happen to this four-story building. We assume it’ll be a teardown, but DOB records aren’t giving any indication of what’s to go up in its place. Now if only the owner will get rid of the Lefferts Hotel, his Clinton Hill outpost, which is just as notorious. GMAP

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