10 Days After Closing, 161 Columbia Heights Returns To Market As Rental

The Watchtower residential property at 161 Columbia Heights that closed March 20 after a $3 million sale to investment and management firm Sugar Hill Capital Partners, is back on the market less than two weeks later as a rental. According to Curbed, after a quick renovation, the newly named five-story walk-up “161 Heights” offers one bedrooms starting at $2,995 a month; one studio for $1,995 a month; and one 2BR, asking $4,100. Amenities include laundry and storage space. Occupancy begins 4/1.

The listing is managed by Massey Knakal Realty Services, which also sold a Johovah’s Witnesses-owned multi-residence at 50 Orange Street, to the same buyer in January for $7.1 million. At closing, Knakal told the Brooklyn Daily Eagle that 161 Columbia “has been immaculately maintained since the prior owner purchased the property in 1988.”

In all, the 6,273-square-foot building contains seven fair-market, one rent-stabilized and two rent-controlled units. See the property’s website here.
(Building photo: Brownstoner)

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  • Clintonious Wow

    Pricey. Yes?

  • lois

    Yes, seems pricey, but I guess that what the market value is of the apartments.

  • Will Pill

    Almost $2,000/month for a 13′ x 11′ box? Good luck with that.

  • TeddyNYC

    I’m don’t think I would want to live in an apt. where I had to walk through the kitchen to go to the bathroom (according to the 1BR plan above).