An update on a recently sold WT property in Brooklyn Heights.
The Watchtower residential property at 161 Columbia Heights that closed March 20 after a $3 million sale to investment and management firm Sugar Hill Capital Partners, is back on the market less than two weeks later as a rental. According to Curbed, after a quick renovation, the newly named five-story walk-up “161 Heights” offers one bedrooms starting at $2,995 a month; one studio for $1,995 a month; and one 2BR, asking $4,100. Amenities include laundry and storage space. Occupancy begins 4/1.
The listing is managed by Massey Knakal Realty Services, which also sold a Johovah’s Witnesses-owned multi-residence at 50 Orange Street, to the same buyer in January for $7.1 million. At closing, Knakal told the Brooklyn Daily Eagle that 161 Columbia “has been immaculately maintained since the prior owner purchased the property in 1988.”
In all, the 6,273-square-foot building contains seven fair-market, one rent-stabilized and two rent-controlled units. See the property’s website here.