Realtor Massey Knakal announced via press release this afternoon that they have been retained to sell 3 properties owned by the Watchtower Bible and Tract Society in Brooklyn Heights. The buildings are 50 Orange Street, 183 Columbia Heights and 161 Columbia Heights. The three properties combined are being valued at $18.45 million dollars. They’ll be sold separately.
MK Press Release: Located in the heart of Brooklyn Heights on the southeast corner of Orange and Hicks Streets, 50 Orange Street is a five-story elevatored apartment building containing a total of 20 residential units. Of the 20 units, 10 are studios and 10 are one-bedroom units. The building is approximately 15,355 gross square feet including the cellar. In 2006, a renovation of the property was completed including the installation of a new elevator and central heating and air-conditioning system. The property also features views of the Manhattan skyline, harbor, and bridges from the upper floors.
The building will be delivered vacant, which is rare for this size and location, making this property ideal for an institutional level user or an investor as it can be immediately rented at market levels or converted to condominium ownership. The asking price is $7,350,000.
183 Columbia Heights is a seven-story elevatored apartment building which will also be delivered vacant. It is located between Clark and Pierrepoint Streets just steps from the Brooklyn waterfront promenade. The gorgeous residential building has been immaculately maintained and features 10’ ceilings, storage space, a bike room and laundry room. Additionally, the property features stunning unobstructed views of the Manhattan skyline, harbor, and bridges from the upper floors. The building is approximately 15,158 gross square feet including the cellar and consists of 13 fair
market apartments. The asking price is $7,650,000.
Just a few buildings away is a beautiful five-story townhouse located at 161 Columbia Heights, which consists of seven fair market units, one rent stabilized unit and two rent controlled units. The building is approximately 7,513 gross square feet including the cellar. The property is an excellent candidate for an owner user who wishes to live in a portion of the building while receiving income from the remaining apartments. The asking price is $3,450,000.