Monday, October 31, 2011

Jehovah's Witnesses' Land Sell-Off Has Brooklyn Dreaming Big.

Behold: The day of the biggest real estate sale to hit Brooklyn in decades is nearing and a swelling crowd of potential beneficiaries is salivating. At stake are 34 mint-condition properties in Brooklyn Heights and Dumbo that the Jehovah's Witnesses spent decades accumulating and now are considering selling as they ponder a headquarters move upstate. All told, the portfolio spans 3.2 million square feet—more than the entire Empire State Building—and is worth well over $1 billion.

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