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

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

TRD NEW YORK /
Apr.April 14, 2016 08:42 AM
 

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


Related Articles

arrow_forward_ios
Here’s how much Fortis paid for its Jehovah’s Witnesses site

Here’s how much Fortis paid for its Jehovah’s Witnesses site

Here’s what Fortis is planning at former Jehovah’s Witnesses site

Here’s what Fortis is planning at former Jehovah’s Witnesses site

Kayne Anderson lands $200M loan for former Jehovah’s Witnesses building

Kayne Anderson lands $200M loan for former Jehovah’s Witnesses building

These were the biggest Q4 deals in Brooklyn

These were the biggest Q4 deals in Brooklyn

The top 10 biggest real estate projects coming to NYC

The top 10 biggest real estate projects coming to NYC

So long, Watchtower: Famed 70-year-old Brooklyn sign comes down

So long, Watchtower: Famed 70-year-old Brooklyn sign comes down

Jeffrey Gershon closes on Jehovah’s Witnesses Dumbo building

Jeffrey Gershon closes on Jehovah’s Witnesses Dumbo building

Florida firm gets $107M loan for purchase of Jehovah’s Witnesses building

Florida firm gets $107M loan for purchase of Jehovah’s Witnesses building

arrow_forward_ios
Loading...