The Watchtower Sells More Properties; 20 Henry Street Developer Shelly Listokin Buys

Within a couple months of the purported grand reopening of the new Bossert Hotel at 98 Montague Street—which the Watchtower Bible and Tract Society sold to David Bistricer & Joseph Chetrit for $81 million in November—the religious organization has sold off another portion of its property portfolio.

In all, the organization’s real estate holdings included 25 properties in Brooklyn, which they began selling off two years ago. Over the past year, it has sold Heights properties at 67 Remsen Street, 183 & 161 Columbia Heights and 50 Orange Street.

Now, as it continues its bid to move upstate, the Watchtower has sold three DUMBO parcels: 173 and 177 Front Street and 200 Water Street, all for $30.6 million, according to city records reported by Brooklyn developer Shelly Listokin of Urban Realty Partners is the buyer. He is also among the developers of 20 Henry Street.

The lot totals 30,463sf and can accommodate nearly 150,000 square feet of development, according to a Cushman & Wakefield press release from June 2012. It is zoned for hotel, residential and community use.

The Front Street lots are vacant, while the Water Street address houses a three-story warehouse that was formerly the headquarters and production center of Brillo Manufacturing.

The property entered contract early this January and transferred in mid-March, DNAInfo says.

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