For real estate companies in Brooklyn, real estate brokers and real estate agents in Brooklyn following the Jehovah’s Witnesses selloff of their Brooklyn Heights and Dumbo properties, this blog will be informative.
In February of 2014 we blogged about RFK and Kushner Cos. $375M purchase of several buildings in Dumbo from the Jehovah Witnesses. The buildings are located at 117 Adams Street, 55 Prospect Street, 81 Prospect Street, 77 Sands Street and 175 Pearl Street.
In July of 2014 we blogged about the Jehovah Witnesses sale of the Bossert Hotel located at 98 Montague Street in Brooklyn Heights for $81M. The buyers are David Bistricer and Joseph Chetrit.
In preparation for their move upstate to Warwick New York, The Witnesses have announced that the next portion of their Brooklyn Portfolio is on the market. Those properties include 85 Jay Street in Dumbo, which has nearly 1 million square feet of development rights and has frontage on York, Front and Bridge Streets, 124 Columbia Heights, a ten story 152,000 square foot residential building with stunning views of the lower Manhattan skyline, the Brooklyn Bridge and the Statue of Liberty and the Jehovah’s Witnesses World Headquarters Watchtower building located at 25-30 Columbia Heights. The building has more than 733,000 square feet of space and covers 2 city blocks.
For more information on Brooklyn Heights and Dumbo real estate call us at 718-375-2065.
If you are planning to sell your Brooklyn property, whether a residential property, a commercial property, mixed use, multifamily, vacant land, development opportunity, Co op or Condominium, call Jeff and Anna. You will be very happy that you did.