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JW.org Property at Property at 69 Adams Street Now Up For Sale


Jack Ryan
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The Jehovah’s Witnesses aren’t out of prime Brooklyn real estate properties just yet.
The organization is listing 69 Adams Street, a four-story recreational facility with about 157,000 square feet of as-of developments rights.
The Witnesses have owned the site, which has 103 feet of Front Street frontage, since 1991.
The property is the latest offered by the group, which is leaving Brooklyn for Warwick, NY after over a century headquartered in the borough, the Brooklyn Eagle reported.
In April, a group of investors led by Jared Kushner and Aby Rosen picked up two of the most coveted properties – 25-30 Columbia Heights in Downtown Brooklyn, known as the Watchtower, and a development site at 85 Jay Street in Dumbo, which has 1.1 million square feet of rights – for about $700 million.
Vincent Viola, founder and CEO of Virtu Financial, paid $105 million for the 153,000-square-foot 124 Columbia Heights in Brooklyn Heights late last month.
The Witnesses listed the 161-unit, 154,000-square foot rental building at 107 Columbia Heights last month. [Brooklyn Eagle] – Ariel Stulberg

http://therealdeal.com/2016/05/17/jehovahs-witnesses-list-another-dumbo-dev-site/

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The private Tennis court on the top of the building was only for use by a selected few bethelites.

The private sports complex was used for the enjoyment of the Bethelites living in Brooklyn and was hidden from normal tours.

How many millions of $ will they receive for this property?

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Please don't forget to donate via their online JW.org automated donation process. Jehovah might bless you with a private sports complex of your very own.

Meanwhile circuit and district overseers were told to give up their mobile homes and allow the congregations to put them up on their dime.

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