The Real Deal New York

Another part of Jehovah’s Witnesses’ portfolio sells

February 13, 2012 03:00PM

A second building in the Jehovah’s Witnesses-owned Brooklyn Heights collection has sold, for more than $3 million less than the original asking price, Curbed reported.

The property, at 165 Columbia Heights Street, between Clark and Pierrepont streets, was asking $7.2 million in 2008, but sold for a mere $4.1 million, according to city records, Curbed said.

The Jehovah’s Witnesses are selling off five Brooklyn Heights properties, which have a combined asking price of $18.8 million, in preparation for a move to Warwick, N.Y. The first property in the portfolio to sell, at 50 Orange Street, sold for $7.1 million in January, and had an original asking price of $7.4 million. [Curbed]