Watchtower building in Brooklyn Heights for sale
A giant waterfront building owned by the Jehovah’s Witnesses in Brooklyn Heights could soon go on the block – with an early estimated price tag of $120 million.
The potential sale of the nearly 1 million-square-foot building at 360 Furman St., a structure that many expect would be converted to luxury lofts, has local Realtors abuzz.
Some 400 to 500 condominium apartments could have views of Brooklyn, Manhattan, New York Harbor and the East River.
“The potential gross sellout price as condos could be half a billion dollars,” said one appraiser, who asked that his name not be used.
“Some of the top apartments will have 180-degree views, from the East River to the Verrazano Narrows [Bridge],” he said. “Those could sell for $4 million to $5 million.”
Melinda Magnett, president of the Brooklyn Corcoran Group, said a low asking price of $50 million would set off a bidding war.
” Waterfront properties are in demand,” she said, adding that a $50 million tag is “hypothetical – they might end up selling the building for a lot more.”
Realtors said that between DUMBO and Red Hook, there is nothing else quite like the structure, which eventually will be surrounded by the planned 67-acre Brooklyn Bridge Park.
Realtors compared the potential condo conversion of 360 Furman St. to the successful 126-unit conversion done at the Clock Tower at 1 Main St.
Apartments in the DUMBO building are now selling for between $500 and $625 a square foot and have appreciated as much as 40% from the original 1998 sale prices, said Domenick Neglia of Neglia Appraisals Inc. in Dyker Heights.
Witnesses shift
Built in 1928, the 12-story warehouse at 360 Furman St. sits between Atlantic Ave. and Joralemon St. The Watchtower Bible and Tract Society, also known as Jehovah’s Witnesses, purchased it 20 years ago.
The society used the building as its principal shipping facility for Bibles and publications – and has for years been plagued by community complaints of truck pollution and noise.
Last fall, the Jehovah’s Witnesses decided to shift the shipping facility to their Wallkill, N.Y., center and other facilities around the world, said Daniel Rice, a spokesman for the group.
Of selling 360 Furman St., Rice said, “We don’t need it any more.”
While the group – one of Brooklyn Heights’ largest property owners – posted a press release on its Web site announcing the potential sale, the building is not formally on the market.
By MELISSA GRACE
DAILY NEWS STAFF WRITER
stache, every year over 100,000 are are disfellowshipped from the org for sexual matters. This does not count the ones who are never caught/confess; thiefs, liars and so on. Why has your good God not destroy them also you stupid idiot.
Ah, I miss the Christ-like compassion of the typical JW. God must be real proud of you.
You bet as well? That must be new light from the Watchtower they are now allowing you to bet?
God will also destroy false prophets. Let me see, the Watchtower and their chronic propensity for predictions and prophecies, yet not one came true. Just what will happen to them?
Perhaps you forgot, hypocrites, false prophets, haughty & self-assuming pseudo Christians won’t survive either. Here is some useful friendly advice; maybe next time you want to post one of your intelligent comments, you could try thinking it through first.
Thank you.
Don’t you just love the JW clan when they come and post the same idiot comment that they all use as their argument for justifying their ridiculous doctrine.
Please use your brain and try to see beyond the one-dimensional world the Watchtower created for you.
I personally couldn’t care less whether they or anyone else is with or without imperfections.
Let’s stick to facts, try discussing & proving the doctrines of your faith. Bet you can’t do that.
Um stupid—God allowed sodom and gomorrah to be detroyed. I bet all the people in it werent murderers, thugs, just disobedient wallowing in their own filth,,,,hmm alot like today.
That was a joke, bonehead, too far over your head though.
Cheers,
Markus
cj,
are u that afraid of your life? you have a lot of junk_garbage words. hey, listen to yourself,. do you think people are afraid of 9mm now a days. you see., a person like you should shut-UP! i know you have BIGGUTS to do that but i tell you i know who you are and you don’t have any gun. you wanna bit! so better shut-up!
to markus.
what do you mean your an atheist? then you thank god? hey, your not thinking. use your brain!
why let imperfect men ruin your realtionship with jehovah???
To Lidya jw,
If indeed the publications work much better then the internet shouldn’t you be using them instead?
If what you are seeking is bible knowledge, read the bible not crappy propaganda.
Glad to be of use.
JW concern to all people, even to those who live in an isolated place where an internet cant reach, and you know the publications work so much better then if the we use an internet.
And if you think, they are selling literature, one thing for sure that I never mind at all to buy those, coz’ it really usefull in giving me knowledge about the bible and what to do to make my life better and better more.