The Jehovah’s Witnesses may have missed the ideal moment to sell their iconic Watchtower headquarters building in Brooklyn Heights.

The group may have to settle for a price as low as $220 million for the 733,000-square-foot property, located at 25-30 Columbia Heights, the New York Post reported, citing sources familiar with the bidding process.

A spokesperson for the Witnesses had previously forecast the building could go for as much as $500 million.

The Witnesses are moving to Warwick, New York, and are looking to sell their remaining Brooklyn properties. Along with the Watchtower building, the religious organization is marketing a 152,000-square-foot residential building at 124 Columbia heights, and a city-block-sized development site at 85 Jay Street.

Reported bidders for the properties include the city’s largest office developers: Vornado Realty Trust, Silverstein Properties, L&L Holding and Taconic Investment partners. [NYP] – Ariel Stulberg

Source: Jehovah’s Witnesses may only get 0M for Watchtower building