In the face of financial pressures, dozens of churches across Brooklyn are looking sell of their holy land in hopes of banking on the conversion trend that’s taken the city by storm. According to DNA Info, more than 50 Brooklyn clergy members are looking to develop their land and air rights to offer more affordable housing and other community services.
Hundreds of religious leaders attended a recent meeting hosted by Borough President Eric Adams detailing how they could raise money as their shrinking congregations give way to fundraising and budgetary constraints.
“You are land-rich but cash-poor. The largest amount of housing potential in Brooklyn lies with you,” Reverend Gilford Monrose, director of the Borough President’s faith-based initiatives, said at the event.
Find out more
The Anshei Meseritz
Temple soon to be turned into condos © LuciaM via Panoramio
New Yorkers know it often takes some divine intervention to land a great apartment. Luckily, with dozens of churches and synagogues now being partially or totally converted into luxury residential buildings, high-end apartment hunters can go straight to the source.
As congregations grapple with changing demographics, shrinking memberships, and costly upkeep of historic buildings, many religious institutions are concluding that it makes better financial sense to sell off a portion of their development rights, relocate to a more affordable site, or even close their doors for good.
Here’s a look at New York’s hottest and holiest developments
Formerly a seminary, the gothic-style structure sitting in Fort Greene at the crossroads of Prospect Heights and Clinton Hill was reborn as Cathedral Condominiums, and this 1,100-square-foot home within is certainly one to be worshipped. No matter what your religious persuasion there’s no denying the windows in this stunning condo at 555 Washington Avenue are a blessing.
See why this condo has us singing its praises