Kushner Co. Is Really Trying To Unload This Brooklyn Brownstone
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
A message from our CEO & publisher Rachel Fishman Feddersen
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and polarized discourse.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
— Rachel Fishman Feddersen, Publisher and CEO