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Real estate investment firm The Jackson Group has paid $20,000,000 for the Gothic Revival Church of the Redeemer in Boerum Hill, DNAinfo reported. Neighbors spent years fighting to preserve the 127-year-old structure at the corner of Pacific Street and 4th Avenue, but the Episcopal Diocese of Long Island began marketing the church as a development site last year. Church officials told DNAinfo that “mounting monthly costs” forced them to sell the building, which needs an estimated $4,000,000 in repairs.

The deal does not include space for the congregation, which was part of the church’s original plans to sell the property. The sale closed the week of September 5, but it hasn’t hit the public records yet. The Jackson Group hasn’t revealed whether they’re going to demolish the building, which sits on a lot zoned for a building as large as 70,000 square feet and up to 10 stories tall, a source told us.

Boerum Hill’s Church of the Redeemer Sells for $20 Million [DNAinfo]
Sale and Demolition Planned for 4th Avenue’s Church of the Redeemer [Brownstoner]
Photo by Nicholas Strini for PropertyShark

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Neighbors have been trying to save Boerum Hill’s Church of the Redeemer since the summer of 2012, when the diocese announced its plans to demolish the Gothic Revival structure at 24 4th Avenue. Unfortunately, it seems like the site is destined for high-rise condos. The church is moving forward with plans to sell the property for $17,000,000, according to Carolynn DiFiore Balmelle of the East Pacific Street Block Association.

Halstead will market the large property, she said, which allows up to 70,000 buildable square feet. (We saw a preliminary flier for the property, although there’s not yet a listing online.) However, the diocese requires that anyone who develops the land has to set aside 22,000 square feet for the church. They’re looking for a developer to build an eight- to 10-story condo building with possible ground floor retail.

The East Pacific Street Block Association had presented the diocese with an alternative to demolishing the 127-year-old church: A restorer could restore the building at no cost to the church and hand back all the retail space to them. Even though they could charge an annual rent of $400,000 for the space, church officials have resisted restoring the building, because they say it would take $4,000,000 in repairs to get it back to good condition, she said.

Yesterday we reported on a similar deal to demolish a historic theater and replace it with a private residential development that would include space for the church that last owned the building. At least five other churches in Brooklyn are currently being razed or converted to residential apartments — three in Crown Heights and two in Bushwick.

Can 4th Avenue’s Church of the Redeemer Be Saved? [Brownstoner]
Demolition Slated for 4th Ave’s Church of the Redeemer [Brownstoner]
Building of the Day: 24 Fourth Avenue [Brownstoner]
Photo by Nicholas Strini for PropertyShark

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Image source: Wikipedia – Claude Debussy

Debussy 150th Anniversary Concert – 2012 marks the 150th Anniversary of the birth of French composer Claude Debussy, one of the great Impressionist music masters. At 6pm tonight, pianist Nelson Ojeda Valds, joined by pianist Christopher Bradshaw, flautist Patricia Surman and baritone Luis Gonzalez, perform some of Debussy’s more well-known works, including Images I (for solo piano), L’isle Joyeuse (for solo piano), Petite Suite (for four-hand piano), Syrinx (for solo flute), Selected Preludes and Selected Songs (for piano and voice).

Debussy 150th Anniversary Concert
Sunday, October 21st, 2012
6-7:30pm | FREE!

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Start off the week with a celebratory movie screening in Forest Hills, a free CPR class in Astoria, and an art exhibition in Jamaica.

Image source: Cinematreasures.org

Celebrate the Legendary Midway Theater’s 70th Anniversary Regal Entertainment – The Midway Theater in Forest Hills is celebrating its 70th anniversary with a screening of the Alfred Hitchock classic film, Rear Window. To accompany your viewing, there will be free snacks and a raffle. Space is limited, so call 917-558-3802 to reserve a seat. The event is free, though there is a suggested donation of $10 to benefit the Alzheimer’s Association.