191joralemonstreet52011.JPG
One of the bigger recent commercial real estate deals in the Heights/Downtown area was recorded in public records last week, with the Roman Catholic Diocese of Brooklyn selling off the office building at 191 Joralemon Street for $12,350,000. The buyer, Catholic Charities, already leases the building, so presumably there’s not going to be a big shake-up in occupancy. The price breaks down to around $160 a foot, which seems pretty low for a building in such a prime location. GMAP


What's Your Take? Leave a Comment

Leave a Reply

  1. That is certainly not anti-Catholic bigotry.

    Maybe if it read – “Is it wrong that my first thought was ‘all Catholics are a bunch of kiddy diddlers'”

    Then yeah, you’d have a point.

    -a lapsed Catholic

  2. “Is it wrong that my first thought was “shielding assets from future lawsuits”?”

    well, it is anti-Catholic bigotry. A lot of people are OK with that but technically yes, it’s wrong.

  3. Maly, I think the church is the biggest or among the top 5 biggest property owners in NYC so if it’s indeed what you’re saying, they would have to pull off a ton more of such transactions