NEW YORK CITY-An investor group has bought a vacant multifamilyproperty at 183 Columbia Heights for $6.6 million. The groupsnapped up the seven-story, 13-unit apartment building in Brooklynfrom Jehovah's Witnesses.
The group has plans to convert the vacant building situatedbetween Pierrepoint and Clark streets into rentals. The Jehovah'sWitnesses employed Massey Knakal Realty Services to sell threeproperties in Brooklyn Heights. Sugar Hill Capital Partners bought50 Orange St. and 161 Columbia Heights earlier this year for $10.1million. For the full story, go to Crain's New York Business .
GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
