One of the buildings that the Watchtower Bible and Tract Society recently divested in Brooklyn Heights was the Standish Arms, a 128-unit beauty at 169 Columbia Heights. As reported last week in both the NY Post and the Brooklyn Eagle, the 12-story building, which used to house Jehovah’s Witnesses, was purchased last April for $50 million by Taurus Investment Holdings and is in the process of being turned into luxury rentals. (Strangely, there’s no record on ACRIS of the sale.) Given the location, the monthly rents don’t look so bad: Studios starting at $2,000 and one-bedrooms starting at $2,750. (There are also some two-bedrooms but we haven’t seen prices yet for them.) The renovation looks decent, though the photos suggest a Restoration Hardware-inspired boutique hotel. Anyone checked them out yet?
169 Columbia Heights [Awaye Realty] GMAP
‘Jehovah’ Hits Rental Height$ [NY Post]
New Owner of Standish Arms to Create Luxury Rentals [Eagle]
Good Lord! Watchtower Divesting Six Heights Props [Brownstoner]
Witnesses To Sell Standish Arms [Brownstoner]