|Photo via Brownstoner|
BOERUM HILL — The Church of the Redeemer in Boerum Hill sold for $20 million to a New York real estate investment firm earlier this month, officials announced Monday.
The decades-old church, located at Pacific Street and Fourth Avenue, was sold the week of Sept. 5 to the Jackson Group due to “mounting monthly expenses” that could not be covered, according to representatives of the Episcopal Diocese of Long Island, which owned the building.
“We deeply regret the sale of this property without discussion of its future preservation,” Howard Kolins, president of the Boerum Hill Association, told DNAinfo. “The [Association] continues to seek protection for this historic church property which has been long neglected by the Episcopal Diocese."
In July 2012, it was reported that the structurally unsound building would be demolished.
It is "S/NR-eligible"--eligible for the State or National Register of Historic Places, listings that can make a property eligible for tax breakst hough with no restrictions, as with city landmarking, on the disposition of the building.
What $20 million could buy
Come to think of it, $20 million was what Forest City Ratner paid for the section of the Vanderbilt Yard needed for the Barclays Center. Looks like a bit of a bargain, no?