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Lee NYC Brokers Baychester Sale to Bronx Congregation
Lee & Associates NYC’s Alfonso Holloman has arranged the sale of 1575 E. Gun Hill Rd., between Kingsland and Mickle avenues, in the Bronx’s Baychester neighborhood. Inner Court Sanctuary Praise Palace paid $1.28 million to acquire the 5,092-square-foot property from Jehovah’s Witnesses.
The property will serve as a place of worship for the congregation, which is relocating from 1660 E. Gun Hill Rd. Inner Court Sanctuary Praise Palace is a non-denominational Christian congregation founded in 2010.
“Having been founded in the Bronx, Inner Court Sanctuary Praise Palace will benefit greatly from being able to remain in the neighborhood,” said Holloman, who represented both buyer and seller in the transaction. “In addition, this property was sold by a faith-based owner to a faith-based user, making for a transaction about which both sides felt good.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
