Jehovah’s Witnesses Sell Dumbo Parcels for $30.6M

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We’re kind of late to the news, but it’s still a big deal: The Real Deal reported that the Jehovah’s Witnesses, currently in the midst of selling off their Dumbo and Brooklyn Heights properties, just unloaded a three huge lots in Dumbo for $30,600,000. The lots are located at 173 and 177 Front Street as well as 200 Water Street. They total 30,463 square feet with nearly 150,000 potential square feet of development. The contiguous plots are zoned for hotel, residential and community use, and our guess is the buyer will want to put up a new residential build, considering how quickly those are selling out in Dumbo these days. The two Front Street parcels are empty, and the Water Street lot holds a three-story warehouse. The Real Deal said it appears, based on loan documents, that the buyer is Brooklyn developer Shelly Listokin of Urban Realty Partners.
Jehovah’s Witnesses Sell Dumbo Development Site for $31M [TRD]
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