The Real Deal New York

Jehovah’s Witnesses sell Dumbo development site for $31M

April 25, 2013 04:00PM
By Zachary Kussin

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173-177 Front Street

UPDATED, 4:25 p.m., Apr. 25: The Jehovah’s Witnesses have sold another portion of their New York City property portfolio in apparent preparation for their move upstate. Three contiguous Dumbo parcels — located at 173 and 177 Front Street and 200 Water Street — traded hands for $30.6 million, according to city records filed today.

It appears that Brooklyn developer Shelly Listokin of Urban Realty Partners is the buyer. Listokin is listed in loan documents as the manager of an entity, Dumbo URP LLC, that took out a $22 million mortgage on the property from UBS. Listokin was one of the developers of Brooklyn’s 20 Henry Street.

The lot totals 30,463 square feet and can accommodate nearly 150,000 square feet of development, according to a Cushman & Wakefield press release from June 2012, when the religious organization tapped the firm to market the plot.

The parcel is zoned for hotel, residential and community use, the release said.

The Cushman team of Helen Hwang, Nat Rockett, Steve Kohn and Karen Wiedenmann handled the marketing. A Cushman spokesperson declined to comment on the sale.

The Front Street lots are reportedly vacant. The Water Street address houses a three-story warehouse that was formerly the headquarters and production center of Brillo Manufacturing, known for their steel wool Brillo pads, according to a Jehovah’s Witnesses spokesperson.

The property entered contract early this January and transferred in mid-March, records show.

Andrew Greene, listed as the buyer’s attorney, declined to comment on the purchase.

  • NYC

    I wonder how the lying cult is going to explain this significant move to their brainwashed sheep followers. Perhaps they will claim that it was part of the plan and the end is REALLY getting close so they need to save a few “Worldly” bucks by moving to a cheaper area. Yadda yadda yadda…

  • JOHN DAVIDSON

    I AM SURE JEHOVAH DOES NOT APPROVE OF SUCH DEALINGS WITH MONEY DONATED BY HIS FOLLOWERS.I WAS RAISED AS A JW,NOT ANYMORE.IBELEIVE IN JEHOVAH,AND HIS SON JESUS CHRIS.MILLIONS OF DOLLARS,FOR WHAT? AND THEY PREACH THE TIME OF THE END.SOME RICH PICKINGS FOR THOSE AT THE TOP,WHILE THE SHEEP ARE BEING LED LIKE BLIND GUIDES,CONSTANTLY FILLING THE JW COFFERS,WITH HARD EARNED PAY,AND FREE UNPAID LABOUR.DOES NOT THE ORIGINAL BIBLE STATE=THE WORKER IS WORTH HIS WAGES-HOW I WISH MY 3 CHILDREN COULD SEE SENSE,HERE IN THE UK’.

    • Guest

      If you were ever a JW then you know very well, that no one gets this money but rather it ALL gets put into financing the worldwide bible education program that Jehovah’s Witnesses do for FREE and make their literature available for FREE in some 235 lands in some 400 languages. Also you should be astute enough to realize that these facilities will need to be replaced at another location.

    • Guest

      If you were ever a JW then you know very well, that no one gets this
      money but rather it ALL gets put into financing the worldwide bible
      education program that Jehovah’s Witnesses do for FREE (since Jesus never charged anyone and told his followers to follow his example: “you received” he told them, there “give free”) also they make all their
      literature available for FREE in some 235 lands in some 400 languages.
      AND you should be astute enough to realize that these facilities will
      need to be replaced at another location.

    • Guest

      If you were ever a JW then you know very well, that no one gets this
      money, but rather it ALL gets put into financing the worldwide bible
      education program that Jehovah’s Witnesses do for FREE (since Jesus never charged anyone and told his followers to follow his example: “you received” he told them, therefore “give free”) also they make all their literature available for FREE in some 235 lands in some 400 languages.
      AND you should be astute enough to realize that these facilities will
      need to be replaced at another location.

    • Guest

      If you were ever a JW then you know very well, that no one gets this
      money, but rather it ALL gets put into financing the worldwide bible
      education
      program that Jehovah’s Witnesses do for FREE (since Jesus never charged
      anyone and told his followers to follow his example: “you received free” he
      told them, therefore “give free”) also they make all their literature
      available for FREE in some 235 lands in some 400 languages.
      AND you should be astute enough to realize that these facilities will
      need to be replaced at another location.

  • Yesenia
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