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By Accord Real Estate Group

The Sale of Brooklyn Heights Jehovah Witness Properties

April 22nd 2016
Tags: Real Estate News, All about Brooklyn New York, Brooklyn Real Estate

Jehovah’s Witness Reach Deal on the sale of their Headquarters Building in Brooklyn Heights, Brooklyn. In December 2015, Jared Kushner and RFK purchased several buildings in Dumbo from the Jehovah’s Witnesses for $375M.

There is now a “handshake” agreement in place for Kushner, Aby Rosen and LIVWRK to purchase the Witness’s 733,000 square foot Headquarters building at 25-30 Columbia Heights and their 1.1 square foot development site at 85 Jay Street.

The sale price for the two properties is in the $700M range.

The Columbia Heights buildings were formerly a Squibb Pharmaceutical manufacturing plant and were purchased by the Jehovah Witnesses in the 1960’s.

The residential component to this deal could add up to 1,000 apartments to the Dumbo neighborhood.

The commercial component of this deal will attract more and more tech startups to this rapidly growing area.

For more information on Dumbo and Brooklyn Heights real estate call Jeff and Anna at 718-375-2065.

If you are planning to sell your Brooklyn property, whether a residential property, a commercial property, mixed use, multi family, vacant land, coop or condominium or a development opportunity call us. You will be very happy that you did.

Thank you.

Accord Real Estate Group