Wednesday, July 11, 2012

Birmingham Congregation Selling New Synagogue; Can't Afford It Due to Low Sale Price for Old One

The Christian Broadcast Network website reports today (July 11, 2012) that a Jewish congregation in Alabama is selling its synagogue because it has been stung by the tough real estate market.

Knesseth Israel Congregation -- which has about 100 families as members -- is asking for $5.5 million for its Birmingham campus. The property includes a social hall, a kosher kitchen, office space, and a ritual bath.

Rabbi Eytan Yammer says the group can't afford the campus because its old synagogue sold for only a quarter of what members expected amid the economic downturn.

He added that the congregation will move elsewhere if necessary.

No comments:

Post a Comment