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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

Categories: Watchtower & Money
  1. otto marconi
    March 14th, 2010 at 01:55 | #1

    @otto marconi WHAT UNHOLY FILTH ARE JEHOVORDURES? PLEASE READ:
    The jehovordureS destroyed my family too. Real jehovordures are the worst criminal ever.
    they are shockingly masochist, they hate themselves to death, to the most loathsome degree of self degradation. THEIR DEGREE OF SELF-HATRED WOULD CHILL YOU TO THE BONES EVEN IF YA WERE IN THE PIT OF HELL.
    they are also AS MUCH blasphemously sadist dying and praying and chanting and destroying their own worthless existence and that of their children in order to sit in the front row when their shit-devourer, turdish, pukish scum cockroach-shit god the crap they name je-shit-hovah or jehowhore or jehovordure the cursed sewer of the universe brings ANALGEDDON about.
    They’re dyin to see planetary carnage with the planet flooded and drenched to the core with innocent human blood after having fanatically spent their lives in their blind and soul-shattering terrorist activities such as mass-murdering, child-raping, screwing the government and the tax people with their shameless frauds and tax dodging and especially covering up their child raping activities.
    I wish no jehovordure quit their shit-eating cult cos i wanna them to shrivel up and croak like monster deformed shiteating cockroaches.
    This is what these blaspemous and loathsome and venomous child grabbers harlots depraved and perverse excreta are.
    and the Filthful and Disgraceful Slavebugger is doing a great job in crushing more and more of their cockroaches asslickers and ass-suckers, monster madmen wishing only to clean white the governing bloody body’s crap-hole.
    in the meantime the throat of jehowhore their sluttish shit-eating god is my personal puker shitter and pisser.

  2. otto marconi
    December 23rd, 2009 at 17:32 | #2

    @Darrell Pollick FOR ALL: VISIT THE SITE ‘JCNOT4ME.COM’ YA WONT BE DISAPPOINTED ONLY SICK TO THE CORE READING ABOUT THE SEWER PEOPLE CALL BIBLE GOD THE WAR CRIMINAL. ENJOY.

  3. Darrell Pollick
    November 3rd, 2009 at 02:20 | #3

    I meant NYC not NTC. / I now have a far more normal and active spiritual life experiencing the fruit of the spirit that was lost when I followed blindly the ever-changing teachings of the 12 to 16 men who JW’s follow as sheep to slaughter; true wolves in sheep’s clothing the Governing body is. The truth has set me free. DWPollick

  4. Darrell Pollick
    November 3rd, 2009 at 02:15 | #4

    Imperfect men called The Governing Body destroyed my relationship with jehovah. For that reason I left the JW man-made organization after many years and a two year stint as a Bethelite in NYC. JW’s like to highlight how members of other religons follow man such as priests, pastors, rabbis, etc. What is ironic is that the JW’s themselves are in a spiritual bondage following man. If they disagree with the teaching of the men called the Governing Body, they can suffer all sorts of social and mental punishment. The MEN who rule the roost from NTC ruin and destroy the lives of millions of people and feel no guilt due to their arrogance of spirit just like the Pharisees mentioned in the Bible. DWP

  5. ex-elder
    February 10th, 2008 at 13:38 | #5

    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.

  6. James NON-JW
    February 10th, 2008 at 06:34 | #6

    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.

  7. James NON-JW
    February 10th, 2008 at 06:23 | #7

    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.

  8. Stache
    February 10th, 2008 at 05:07 | #8

    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.

  9. Markus
    February 2nd, 2008 at 10:28 | #9

    That was a joke, bonehead, too far over your head though.

    Cheers,
    Markus

  10. Anonymous
    February 2nd, 2008 at 05:33 | #10

    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!

  11. Anonymous
    February 2nd, 2008 at 05:23 | #11

    to markus.
    what do you mean your an atheist? then you thank god? hey, your not thinking. use your brain!

  12. jp
    January 6th, 2008 at 07:13 | #12

    why let imperfect men ruin your realtionship with jehovah???

  13. fri
    August 24th, 2007 at 15:53 | #13

    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.

  14. Lidya , a JW
    August 24th, 2007 at 05:41 | #14

    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.

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