Church Of Christ, Ghana Acquires Bronxwood Church From Nasir Samdani For $3.7M

The Church of Christ, Ghana has acquired a church property located at 2910 Barnes Avenue in the Bronxwood market. The property, which is zoned as R6, consists of a church building with a total square footage (SF) of 13,500. The transaction took place on 08/09/2021 and the sale price was $3,725,000. The building has a buildable square footage (BSF) of 24,300, resulting in a price per buildable square footage (PPBSF) of $153. The price per square footage (PPSF) for the existing church building is $275. The lot size is 10,000 and the last recorded sale of the property was on 10/8/2020 for a price of $2,895,000. The property has a floor area ratio (FAR) of 1.35 and falls under tax class 4. The lot dimensions are 50 ft x 200 ft. The property previously underwent an alteration permit type 1 on 09/10/1999.

Summary of transaction details

• Property Type: Church
• Transaction Amount: $3,725,000
• Market: Bronxwood
• Zoning: R6

The buyer of the property is the Church of Christ, Ghana, while the seller is Nasir Samdani. The purchase price represents an increase from the last sale price of $2,895,000 recorded on 10/8/2020. The transaction also included an alteration permit type 1 that was obtained on 09/10/1999. The property is situated on a lot with dimensions of 50 ft x 200 ft and has a buildable square footage (BSF) of 24,300. The price per buildable square footage (PPBSF) is $153. The property has a floor area ratio (FAR) of 1.35 and falls under tax class 4.