Kushner Co. Is Really Trying To Unload This Brooklyn Brownstone
Graphic by Angelie Zaslavsky
Kushner Companies is lowering its expectations – and its price – on a ultra-luxury townhouse in Brooklyn Heights that it’s hoping to flip a seven-figure profit.
The property, a 20-foot-wide brownstone with 7,000 square feet of living space, had been on the market for $11.25 million until a recent change in brokers – with the new folks lowering the cost to a mere $9.5 million. If the sale had gone through at the original price, it would have been the most expensive sale of an individual residential property in Brooklyn ever.
Kushner Companies has been going through a period of difficulty – facing scrutiny as its former head Jared Kushner serves as a White House senior adviser. It’s hit a wall in finding a suitable partner to redevelop its Fifth Avenue Manhattan headquarters – and been confronted with a barrage of criticism over how its uses the country’s visa programs to attract investors.
Kushner himself has formally stepped away from his role at the company, which was started by his father Charles Kushner.
Contact Daniel J. Solomon at [email protected] or on Twitter @DanielJSolomon
This is a moment of great uncertainty. Here’s what you can do about it.
We hope you appreciated this article. Before you go, we’d like to ask you to please support the Forward’s independent Jewish news this Passover. All donations are being matched by the Forward Board - up to $100,000.
This is a moment of great uncertainty for the news media, for the Jewish people, and for our sacred democracy. It is a time of confusion and declining trust in public institutions. An era in which we need humans to report facts, conduct investigations that hold power to account, tell stories that matter and share honest discourse on all that divides us.
With no paywall or subscriptions, the Forward is entirely supported by readers like you. Every dollar you give this Passover is invested in the future of the Forward — and telling the American Jewish story fully and fairly.
The Forward doesn’t rely on funding from institutions like governments or your local Jewish federation. There are thousands of readers like you who give us $18 or $36 or $100 each month or year.
Support our mission to tell the Jewish story fully and fairly.
