Saturday, 30 April 2016

Jehovah’s Witnesses Selling Even More Brooklyn Property

The dormitory building at 107 Columbia Heights is now on the market

It was only a couple of weeks ago that the Jehovah’s Witnesses sold their iconic headquarters building, known as the Watchtower, and another property to developers Jared Kushner, Aby Rosen, and LIVWRK. It turns out that they also put another property on the market that same week. 107 Columbia Heights, a former dormitory for JW volunteers in Brooklyn Heights, is up for grabs, Brownstoner reported. The 154,000-square-foot structure dates to 1959 and exceeds current zoning, which means it’s unlikely to be torn down by who ever scoops it up. It is connected to other Jehovah’s Witnesses properties via underground tunnels.

The sale of the Watchtower at 25-30 Columbia Heights and the property at 85 Jay Street was reported at $700 million. 107 Columbia Heights is valued at $1,201 per square foot, according to PropertyShark data analyzed by Brownstoner, meaning it could go for as much as $185 million. As for the Jehovah’s Witnesses, they are making an exodus from Brooklyn to establish a new headquarters in Warwick, N.Y. That’s in Orange County.

Jehovah’s Witnesses Put Yet Another Building on the Market in Brooklyn Heights [Brownstoner]

Big-Name Developers Behind $700M Deal for Jehovah’s Witnesses Brooklyn HQ [Curbed]

Development Team To Buy Jehovah’s Witnesses’ 11-Story Headquarters At 25-30 Columbia Heights, Vacant Site At 85 Jay Street [YIMBY]


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