Yesterday Crain’s reported that 183 Columbia Heights, the last of three Jehovah’s Witnesses properties brokerage Massey Knakal was marketing, sold for $6.6 million. A managing member of the group of investors that purchased the property had this to say: “Mr. Mitchell said the deal is seen as the first of many in the borough for the group as it intends to build a multi-family portfolio there. His group has primarily focused on developing condo and commercial properties in Manhattan as well as Miami. ‘We are actively looking at properties in Brooklyn Heights, Cobble Hill, Dumbo, Vinegar Hill and Boerum Hill,’ said Mr. Mitchell, adding that Brooklyn is no longer considered a secondary place to live.” The building at 183 Columbia Heights is a seven-story, elevator apartment building, according to the article. Over the summer the Jehovah’s Witnesses put several of their Heights holdings on the market via Corcoran and Massey, and at this point at least half have sold. None of the organization’s huge buildings in the Heights or Dumbo have been put up for sale yet, though.
Group With Big Brooklyn Plan Snaps Up Property [Crain’s]
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