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Jehovah's Witnesses to Sell Brooklyn Heights Building for $88M, Buyer Says

By Alexandra Leon | February 15, 2017 5:02pm
 The Jehovah's Witnesses are selling the building at 107 Columbia Heights.
The Jehovah's Witnesses are selling the building at 107 Columbia Heights.
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Watchtower Bible and Tract Society

BROOKLYN — The Jehovah’s Witnesses have agreed to sell another property in their portfolio for a princely sum — this time $87.5 million, according to the buyer.

The religious organization has entered into an agreement to sell the 11-story, 154,000-square foot property at 107 Columbia Heights to Clipper Realty, the real estate firm announced Wednesday.

The building — constructed in 1959 and renovated in 2007 — went on the market last April.

The property spans the entire block of Orange Street between Columbia Heights and Willow Street, and includes a large auditorium with theater seating that has its own entrance, according to the Jehovah's Witnesses' real estate listing.

The building also features private and rooftop terraces with views of the Brooklyn Bridge, Manhattan skyline and New York Harbor, the seller said.

Clipper plans to add 12 units to the 161-unit building by converting public areas on the property, the company noted.

The sale is expected to be finalized in May, the firm added. 

A spokesman for the Jehovah’s Witnesses declined to comment on the sale.

The Witnesses have been selling their DUMBO properties after announcing in 2015 that they would move their headquarters upstate to Warwick by 2017

Last year, the religious group sold a massive vacant lot at 85 Jay St. for $345 million and the iconic Jehovah’s Witnesses Watchtower building for another $340 million to the development group led by President Donald Trump’s son-in-law, Jared Kushner. 

Five other former Jehovah’s Witness buildings owned by Kushner, RFR Realty and LIVWRK are already part of a “high tech urban campus” rising in DUMBO, where companies like Etsy and WeWork have already leased office space.