Watchtower Sells 67 Remsen Street For $3.25 Million

by LostGeneration 5 Replies latest jw friends

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  LostGeneration

  Cha Ching!

  http://brooklynheightsblog.com/archives/49155

  BHB reported in late July that another property in the Jehovah’s Witnesses real estate portfolio had hit the marketplace: the beautiful five-story, 5,088sf residential brownstone at 67 Remsen Street—which ironically backs up to the organization’s recently sold Bossert Hotel. Brownstoner shares that the Brooklyn Heights building has sold for $3.25M, just a shaving from its asking price of $3.4M.

  It features 10 units, a private garden and will be delivered vacant, according to David Schechtman of marketing firm Eastern Consolidated. The Real Deal reported in July that the building housed students and volunteers associated with the Watchtower Society. As the Witnesses move forward with a planned relocation upstate, the residences were no longer necessary, he said.

  In all, Johovah’s Witnesses’ portfolio included 25 properties in Brooklyn, which they began selling off two years ago. Other recent sales include 183 Columbia Heights, 161 Columbia Heights and 50 Orange Street.
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  Theocratic Sedition

  And theyve got the nerve to tell people about materialism. Jesus didnt have a place to lay his head and these cocksuckers are making money hand over fist in the real estate business. hypocritcal much?
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  Stealth

  It's a great buisness model.

  1) Buy a run down property.

  2) Renovate it with free labor and donated $.

  3) Use it for a few years.

  4) Sell for huge profit.

  5) Go to step 1.
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  breakfast of champions

  6) Sign check over to Candace Conti [wahhhhwahhhhwaaahhhwaahhh<===sad trombone]
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  moshe

  The GB might not be able to flip the fixer-up residences in upstate NY for very much money-
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  cobaltcupcake

  Back in 1979 I was new on the job and introduced myself to a coworker, mentioning I was a JW. He said, "I don't know much about them except that they own an obscene amount of property in Brooklyn Heights."

  Being only 20 years old at the time I had no idea what he was talking about. In fact, there wasn't really any way for me to know about the WTS property until I left and started hanging out here. Now I know what he meant.

  How about rebating that profit back to the R&F who broke their backs working to donate it to you?