How many Watchtower properties still to sell in Brooklyn yet?

by Gayle 22 Replies latest jw friends

  • Gayle
    Gayle

    Does anyone have an accounting of those properties? Which properties and possible value of sale?

    Sounds like that the Watchtower may want to sell quickly? Seems if 1,600 Bethelites have been announced dispensable, that many would start making plans now for any other options as soon as possible, and not necessarily wait ?

  • The Searcher
    The Searcher

    "many would start making plans now for any other options as soon as possible"

    For that reason alone, I'd be very surprised if the Org would even hint at who was for the chop.

    Most Bethelites will be hoping & praying that it's going to be someone else - and not them.

    The fear factor must now be rife within the HQ - and other Branches!

  • freemindfade
    freemindfade

    To the best of my knowledge

    107

    124

    Towers

    There are more, also some of these building may already be sold just the hand over closing is not for a while, hard to say. I used to know someone intimately involved with the sales, but it wouldn't make any sense for me to speak to them about it now.

  • cognac
    cognac
    Good question, I'd like to know too. I'd be surprised at this point if they kept them much longer...
  • LV101
    LV101

    I'm assuming the 1,600 represents Bethelites worldwide and not just Brooklyn?

    Apparently the cult's pedophile insurance isn't paying 100% if in fact they have that type of coverage?

  • the girl next door
    the girl next door

    In 2004 the society began transferring its printing operations to its Wallkill factory complex.[89][90] The move triggered the sale of a number of Brooklyn factory and residential properties including:

    • 360 Furman Street, sold in 2004 for $205 million;[91]
    • 67 Livingston Street, (nicknamed the Sliver)[92]sold in 2006 for $18.6 million.[91]
    • 89 Hicks Street, sold in 2006 for $14 million.[91]
    • Standish Arms Hotel, 169 Columbia Heights, sold in 2007 for $50 million.[93]
    • 183 Columbia Heights, bought in 1986, offered for sale in 2007 and sold in April 2012 for $6.6 million.[90][94][95]
    • 161 Columbia Heights, bought in 1988, offered for sale in 2007 and sold in March 2012 for $3 million.[90][94]
    • 165 Columbia Heights, offered for sale in 2007 and sold in January 2012 for $4.1 million.[90][96]
    • 105 Willow Street, offered for sale in 2007 and sold in April 2012 for $3.3 million.[90][97]
    • 34 Orange Street, offered for sale in 2007 and sold in November 2012 for $2,825,000.[90][98]
    • Bossert Hotel, 98 Montague Street, bought in 1983,[69] offered for sale in 2008.[76] sold in 2012 to a hotel developer, Rosewood Realty Group, for $81 million.[99][100]
    • 50 Orange Street, bought in 1988, renovated to sell 2006, and sold in December 2011 for $7.1 million.[101]
    • 67 Remsen Street, offered for sale in July 2012,[102] and sold the same year for $3.25 million.[103]
    • Three adjoining properties (173 Front Street, 177 Front Street and 200 Water Street) sold together for 30.6 million in April 2013 to Urban Realty Partners.[104][105]
    • 55 Furman Street, 400,000 sq. ft., is for sale as of June 2013.[106]
    • Five adjoining properties (175 Pearl Street, 55 Prospect Street, 81 Prospect Street, 117 Adams Street, and 77 Sands Street totaling 700,000 sq. ft.), offered for sale in September 2011,[107][108] under contract as of July 2013 to a three company buy-out. A sixth building (90 Sands Street, about 500,000 sq. ft., a 505 room, 30 story building) in this sale will be released in 2017, after the scheduled completion of the Jehovah's Witnesses' new headquarters in Warwick, NY. The properties are under contract for $375 million at completion of the sale.[106][109]
    • Two private parking lots are for sale as of June 2013.[106]

    In 2011 the Watch Tower Society was reported to still own 34 properties in Brooklyn;[4][110] a 2009 report calculated "a dozen or more" properties in the Brooklyn area.[76] In a 2010 news report the Watch Tower Society said it was "not actively promoting" the sale of eight Brooklyn properties still on the market.[79]Watch Tower Society's remaining sixteen occupied Brooklyn properties are 25, 30, 50, 58, 97, 107, 119, and 124 Columbia Heights; 55 and 67 Furman Street; 80 and 86 Willow Street; 21 Clark Street; parking lots at 1 York Street and 85 Jay Street; and 90 Sands Street already arranged to sell in 2017.[111] The Furman Street properties and parking lots are for sale currently as stated above.

    https://en.wikipedia.org/wiki/Watch_Tower_Bible_and_Tract_Society_of_Pennsylvania#Brooklyn_property_sales

  • OneFingerSalute
    OneFingerSalute

    So including the properties under contract at 375 million they will have sold off over 875 million in assets, confiscated the funds from all congregations coupled with tithes in perpetuity, and yet they still beg for more. . .More. . .MORE from the members who blindly followed the advice about education and work and as a result have very little to take care of their own needs, much less the greed of the Org.

    Disgusting!

  • DesirousOfChange
    DesirousOfChange

    That's an astonishing list of real estate and even a more astonishing amount of cash received!

    Thanks, Girly!

    Doc

  • James Jack
    James Jack
    The 1600 Bethelites are just the ones in Brooklyn, not counting elsewhere.
  • Gorbatchov
    Gorbatchov
    Were is the money?!?

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