Kushner Buys Brooklyn Heights Law School Apartments for $36.5 Million

Jared Kushner’s Kushner Companies is buying Brooklyn Law School’s portfolio of six apartment buildings in Brooklyn Heights, all previously used for student housing, for $36,500,000, The Real Deal reported. The buildings are located at 89 Hicks Street (pictured), 18 Sidney Place, 144 Willow Street, 100 Pierrepont Street, and 27 and 28 Monroe Place.

Kushner snapped up the portfolio in a day after two other deals fell through, said the paper. The ask was originally $41,150,000. The other deals were for $41,000,000 and $40,000,000, so it looks like Kushner got a nice little discount by waiting. The company, which recently bought a property in Williamsburg, did the biggest deal in Brooklyn last year when it purchased the Witnesses printing plant and related buildings for $375,000,000.

Kushner Snaps up Brooklyn Law School Portfolio for $36.5 Million [TRD]
Law School to Sell Six Heights Residences [Brownstoner]
Photo via PropertyShark

One Comment

  • The back of 89 Hicks (pictured) is visible from my back yard, and is the largest of the properties. This was previously a Jehovah Witnesses dormitory, then sold to Brooklyn Law. At least two apartments are still occupied by rent-stabilized tenants, I believe. All the other buildings are converted townhouses/brownstones. It will be interesting to see whether these become apartments or condos, or, in the case of the smaller buildings, sold as individual houses.