The following is via COL:

The sought-after home at 760 Eastern Parkway, 2 doors down from 770 Eastern Parkway in Brooklyn, was sold to Lubavitch World Headquarters, Monday morning.

It will be annexed to the Library of Agudas Chassidei Chabad, one of the largest private Jewish libraries in the world, possessing more than 250,000 individual volumes and tens of thousands of manuscripts.

After Agudas Chassidei Chabad purchased 770 Eastern Parkway in 1940, the 6th Lubavitcher Rebbe and 7th Lubavitcher Rebbe used it as a home, shul and center of operations.

The adjacent building at 766 Eastern Parkway was purchased in 1967 for the library which holds priceless manuscripts and handwritten notations by the Lubavitcher Rebbes, including the siddur of the Baal Shem Tov, founder of the Chassidic movement.

The same year, R’ Meir and Sima Itkin, a Lubavitcher couple that escaped from the Soviet Union via France during the Second World War, purchased the next house at 760 Eastern Parkway.

The couple lived in the 5,850 square-foot two family home until R’ Meir’s passing in 2007 at the age of 96 and his heirs decided to sell the 100-year-old home.

The asking price for the property was going for anywhere between $800,000 and $2.4 million. COLlive has learned that the house was sold on Monday for under $2.4 million.

Lubavitch World Headquarters said “the new purchase will allow the library to further grow its collection, which has become an important resource for scholars and historians worldwide.”

(Source: COL)