Kushner Gobbles Up Brooklyn Law School Portfolio in Brooklyn Heights

First he made a blockbuster deal for some of the Watchtower’s properties. Now, Jared Kushner has acquired Brooklyn Law School’s impressive Brooklyn Heights real estate portfolio, the Real Deal reports:

The Real Deal: The portfolio is comprised of six multi-family properties, at 89 Hicks Street, 18 Sidney Place, 144 Willow Street, 100 Pierrepont Street, 27 Monroe Place, and 38 Monroe Place.
Massey Knakal Realty Services broker Stephen Palmese marketed the portfolio on behalf of the Brooklyn Law School. The asking price for the properties was $41.15 million.
Other prospective purchasers had contracts on the property at $41 million and $40 million. But both deals ultimately fell through, a source close to the deal told The Real Deal. Kushner acted quickly and did a no due-diligence, hard deposit deal at $36.5 million earlier today.

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  • Andrew Porter

    Any idea what the plans for the buildings are? There’s a fine view of the back of one of them from my building’s laundry room.