Another day brings another piece of news regarding Jehovah’s Witnesses vast New York City property portfolio. Crain’s reported the group has commissioned Cushman & Wakefield to find a buyer for three adjacent development sites in Dumbo. The parcels, at 173 and 177 Front streets and 200 Water Street, are 30,463 square feet but can be built up to 150,000 square feet for residential, commercial or hotel developments.
The Front Street addresses are vacant lots, while 200 Water Street, which like the other addresses is between Jay and Bridge streets, has a three-story warehouse structure.
The land is the first empty lot the Witnesses have brought to the market. Previous properties to come online, including one that hit the market last week in the East Village, have housed existing buildings. The Witnesses also recently saw their former 161 Columbia Heights hit the rental market and their former Bossert Hotel be the subject of conversion plans. [Crain's]