Powers and Smith of OPEN Impact broker
$10 million sale of 176 West 105th St.

Manhattan, NY OPEN Impact Real Estate (OPEN), a woman-owned commercial real estate services company, negotiated the sale of 176 West 105^th St., a 10,242 s/f religious facility located on the Upper West Side, for $10 million.

The property has been acquired by the World Mission Society Church of God, marking a transaction that aligns with both the buyer’s and seller’s objectives.  The facility was sold by Romemu, a Jewish community with locations in Manhattan and Brooklyn.

Stephen Powers and Alexander Smith of OPEN represented the seller. Michael Marcus of EXP Realty represented the buyer, The World Mission Society Church of God.

“We were able to secure an end-user who valued the column-free public assembly spaces and was willing to pay a price that met the needs of both parties,” said Powers, co-founder of OPEN. “Our unparalleled end-user network helped create a competitive leveraged process for our seller during an otherwise challenging time for investment sales.”

The sale was motivated by Romemu’s goal to optimize its real estate footprint in response to the evolving needs of the community. Romemu will continue its operations and maintain its vibrant presence in the local community, with ongoing activities at its other facilities on the Upper West Side, including weekly prayer services, adult and children’s educational programs, holiday celebrations, community service opportunities, and more.

176 West 105^th St. features a full-floor, double-height meeting space, a commercial kitchen, a rooftop play area, classroom spaces and abundant natural light from all four sides. This acquisition marks an expansion for the church, enhancing its ability to serve its growing congregation in New York City.