Jehovah’s Witnesses could get $1 billion for NYC properties


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The Jehovah’s Witnesses, the door-knocking religious group that’s been based in Brooklyn for a century, is selling its headquarters and other properties for an expected price tag of $1 billion or more.

The Witnesses’ move to a town about an hour north of New York City will likely mean the end of the complex’s most well-known feature, the neon “Watchtower” sign advertising the church’s flagship publication. But it will free up hundreds of thousands of square feet for businesses and apartments in a now-trendy neighborhood at the foot of the Brooklyn Bridge.

https://au.finance.yahoo.com/news/jehovahs-witnesses-could-1-billion-nyc-properties-161102417.html