Home > Brooklyn Blog > Jehovah’s 85 Jay Street property update

Brooklyn Blog

By Accord Real Estate Group

Jehovah’s 85 Jay Street property update

January 13th 2017
Tags: General

Brooklyn Real Estate Brokers and agents who have been following the Dumbo real estate market are not surprised to learn of Kushner Companies latest acquisition.

Kushner Companies, CIM Group and LIVWRK have purchased 85 Jay Street in Dumbo.

Kushner had already purchased 25,30, 50 and 58 Columbia Heights plus 55 Furman Street from The Jehovah’s Witnesses and is planning to develop a world class office campus.

According to Shaul Kuba co-founder and principal of CIM Group “this is a rare opportunity to acquire a substantial property that has by – right development potential for a mix of uses”, “the site is well located near transportation, thriving neighborhoods and desirable amenities making it attractive for a variety of uses catering to residents, businesses, retailers and the needs of the community”.

Laurent Morali of Kushner Companies added “85 Jay Street has tremendous upside and we’re eager to begin its transformation into a dynamic project just steps from the Dumbo Heights office campus and Brooklyn Bridge Park.”

If you are planning to sell your Brooklyn, Manhattan or Queens  property, whether a residential property, a commercial building, 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