The former home of the Bay Ridge United Methodist Church, 362-364 Ovington Avenue in the Bay Ridge section of Brooklyn, was sold in an all cash transaction valued at $9,750,000.
Better known as the “Green Church,” for its moss color, the century old Bay Ridge United Methodist Church resided on nearly an acre of land on the corner of Fourth and Ovington avenues until it was demolished last October.
The institution has temporarily relocated down the street at the corner of Fourth Avenue and Bay Ridge Parkway. The property remains in a dual zoning, comprised of R7-B and R5-B and can accommodate up to approximately 92,000 total buildable square feet for community facility purposes.
“The property, which was sold to the School Construction Authority, will soon be the home to a new 680 seat elementary school, as well as a new, smaller house of worship for BRUMC. The addition of both a new school and a new church is a great outcome for the community,” said Massey Knakal First Vice President of Sales Stephen Palmese who exclusively handled this transaction.
Massey Knakal Realty Services was the sole broker in this transaction.
©2009 Community News Group
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