NEW YORK CITY-An investor group has bought a vacant multifamily property at 183 Columbia Heights for $6.6 million. The group snapped up the seven-story, 13-unit apartment building in Brooklyn from Jehovah's Witnesses.
The group has plans to convert the vacant building situated between Pierrepoint and Clark streets into rentals. The Jehovah's Witnesses employed Massey Knakal Realty Services to sell three properties in Brooklyn Heights. Sugar Hill Capital Partners bought 50 Orange St. and 161 Columbia Heights earlier this year for $10.1 million. For the full story, go to Crain's New York Business .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
