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A onetime piece of the Jehovah’s Witnesses’ Brooklyn real estate empire traded hands after a decade that saw it developed into luxury condos. Midtown-based Hubb Properties paid $85 million for 181 Front Street, a 12-story, 105-unit apartment building in Dumbo, Crain’s reported. The sale marks an exit for the Carlyle Group, which took over the site in 2014 for $21.4 million, before the building existed.  The deal breaks down to $810,000 per unit. Megalith Capital assembled the parcel a year before Carlyle acquired it as part of a larger deal with the Witnesses, who spent decades unloading their vast Dumbo […]

This article originally appeared on The Real Deal. Click here to read the full story.

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