Jehovah’s Witnesses bag $80M in sale of latest Brooklyn property
The Jehovah’s Witnesses are set to add just under $80 million to their billion-dollar haul from the sale of their Brooklyn portfolio.
Los Angeles-based Hawkins Way Capital has purchased 117-125 Columbia Heights and 97 Columbia Heights from the organization in a deal brokered by Leslie J. Garfield townhouse experts Matthew Lesser and Ravi Kantha.
1117-125 Columbia Heights closed on August 11 for $18 million. 97 Columbia Heights will close later this month for what sources say is just under $60 million. 97 Columbia Heights sits on the site of the former Hotel Margaret, which was destroyed by a fire in 1980. In 1986, while it was still under construction, the Witnesses purchased the building and reconfigured it to accommodate members of their former headquarters staff.