Watchtower Looks to Sell 3 Heights Apartment Buildings

The Watchtower Bible and Tract Society has put three of its Brooklyn Heights apartment buildings on the market: The 20-unit 50 Orange Street (asking $7.35 million); the 13-unit 183 Columbia Heights (going for $7.65 million); and the 10-unit 161 Columbia Heights (fishing for $3.45 million). The Eagle notes that the fact that Massey Knakal is marketing the buildings is “unusual” for Watchtower, which typically hasn’t used a brokerage in the past or attached asking prices to its properties. The paper also says that Watchtower has owned the buildings for 20 years and previously tried to sell the two Columbia Heights properties as part of a package deal in 2007 with the former Standish Hotel.
Brooklyn Heights Watchtower Buildings Up for Grabs [Commercial Observer]
In Unusual Move, Brokerage To Handle Sale of Watchtower Buildings [Eagle]