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    77 Sands Street

    77 Sands Street
    Brooklyn, NY 11201
    Office, Ground Lease

    77 Sands Street, built in 1962, is one of five industrial buildings being converted into a complex of loft-style office buildings catering to tech company tenants. Kushner Companies, a family-owned real estate developer and landlord, along with RFR Realty and  LIVWRK, the real-estate startup of former Two Trees executive Asher Abehsera, acquired the buildings for $375 million from the Jehovah's Witnesses in 2013. The site, formerly known as the Watchtower complex, is now christened Dumbo Heights. An agreement to sell a sixth building, a hotel at 90 Sands Street that the religious group will use through 2017, is expected to close that year. The investor group is spending $100 million to transform its purchase into a mix of offices, retail and public space. The buildings, connected by sky-bridges, have sand-colored brick facades and green-painted windows. Dumbo Heights is expected to have 90,000 square feet of ground-floor retail space. The Witnesses are relocating their headquarters to Warwick, New York.

    • square feet 191,800
    • block and lot 3-00077-0001
    • BIN 3000171
    • Event Sales
    • Address 77 Sands Street
    • Neighborhood Dumbo
    • Borough Brooklyn
    • Square feet 191,800
    • Price $ 121,313,223
    • Price per foot $ 632.49
    notes
    The 12-story building in Brooklyn Heights was purchased for $121.3 million.
    • Event Office Leasing
    • Address 77 Sands Street
    • Neighborhood Downtown Brooklyn
    • Borough Brooklyn
    • Square feet 18,800
    notes
    The technology firm signed a lease on the 11th floor.
    • Event Office Leasing
    • Address 77 Sands Street
    • Neighborhood Downtown Brooklyn
    • Borough Brooklyn
    • Square feet 18,800
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