The developer plans to tear down the church at 165 West 86th Street make way for an apartment building.
Times are lean for the church, which counts only 12 members in its congregation and no pastor. According to the Observer, the church needs $50 million torepair the church. This week, the Presbytery of New York City unanimously approved the church’s plan to sell the property to Alchemy for its market-rate apartment building.
The developer will build a 10,000-square-foot worship space for the church to purchase and sales agreement has been agreed to, but the terms of theagreement have not been disclosed. The church will receive $8.8 million on top of the purchase price to outfit the space how it pleases.
Tthe church received landmark designation from the New York City Landmark
Preservation Commission against its wishes in 2010. The designation present
a challenge to making ownership changes on the property, not the least to
say tearing it down altogether.