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Holy Crap

Well, we're all going to hell. Newsday reports on yet another "hot" real estate development trend: the conversion of churches all over New York City into apartments. Catholic churches, synagogues?no religion is safe! Where might you find such holy accommodation? In the LES, Chinatown, Harlem, and of course the real estate hotbed of Brooklyn.

Brooklyn in particular?known as the "Borough of Churches" for its once-brimming inventory of holy structures?may soon lose that moniker as many of its churches continue to close and evolve into the next "hot" residential real estate deals. The latest Cobble Hill projects are the 59-unit The Arches, formerly a Catholic boys school, and the 1859 St. Peter's Roman Catholic Church that is being converted into luxury condos.

We checked in at the website for The Arches, where apartments run from $535,000 for an 1,100sqft 1BR to $1.8 million for a 3,000 sqft 3BR. Hmmmm. What would Jesus pay?
· Alter State to an Altered State [Newsday via Real Deal]
· The Arches At Cobble Hill []