The Real Deal New York

Jehovah’s Witnesses not done yet, list another BK property

Group is marketing the 154K sf resi building at 107 Columbia Heights

April 14, 2016 08:42AM

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The Jehovah’s Witnesses’ exodus from Brooklyn continues.

The organization is listing yet another another property, the 161-unit, 154,000-square-foot rental building at 107 Columbia Heights in Brooklyn Heights, the Commercial Observer reported.

The structure, built in 1959 and renovated in 2007, could sell for as much as $1,000 per square foot, the Downtown Brooklyn Partnership’s Tucker Reed told the publication, which would mean a selling price of around $154 million.

Earlier this week, Jared Kushner’s Kushner Companies, Aby Rosen’s RFR Realty and LIVWRK agreed to pay over $700 million for the Witnesses’ 733,000-square-foot global headquarters at 25-30 Columbia Heights in Downtown Brooklyn and a 135,000-square-foot development site at 85 Jay Street in Dumbo.

The Witnesses are leaving their longtime home in Brooklyn for a new headquarters in Warwick, NY. The group owns a few more properties that haven’t yet hit the market: 97 Columbia Heights, 119 Columbia Heights and 1 York Street, according to the Brooklyn Daily Eagle. [CO]Ariel Stulberg

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