Ken Burstein Purchases Church In Baltimore From Gallery Church For $1.15 Million
3113 Eastern Avenue
$1,150,000
$79/SF
Building Size
14,462 SF
Asset Type
Church
Closing
Dec 9, 2025
About this deal
AI
A church located at 3113 Eastern Avenue in Baltimore, MD was sold for $1,150,000. The property spans 14,462 square feet, translating to a price per square foot of $79. The transaction took place on December 10, 2025, with Gallery Church as the seller and Ken Burstein as the buyer.
Summary of transaction details:
- Property Type: Church
- Transaction Amount: $1,150,000
- Square Footage: 14,462
- Address: 3113 Eastern Avenue
- Market: Baltimore, MD
- Price Per Square Foot: $79
- Buyer: Ken Burstein
- Seller: Gallery Church
Ken Burstein, representing 3113 EASTERN LLC, is set to convert the acquired space into 25 luxury rental apartments following the purchase of the property.
On the Map
$1,150,000
$79/SF
Church
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Players
Baltimore Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93