Matt Lesser And Ravi Kantha Purchase MultiFamily Property In Brooklyn For $58M

The property involved in this transaction is a 97-unit multi-family building located at 1 Orange St, Brooklyn, NY, 11201. The building encompasses 88,610 square feet and was sold for $58,000,000. The transaction took place in the Brooklyn market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $58,000,000.00
• Address: 1 Orange St, Brooklyn, NY, 11201
• Square Footage: 88,610
• Seller: Jehovah’s Witnesses
• Buyer's Representatives: Matthew "Matt" Lesser and Ravi Kantha from Leslie Garfield

This transaction marks another divestment by the Jehovah’s Witnesses from their real estate portfolio in Brooklyn. The deal also highlights the involvement of Hawkins Way Capital, a Los Angeles-based real estate investor, which has previously acquired other properties from the Jehovah’s Witnesses, including a building at 119 Columbia Heights for $18 million.