FINANCIAL PROJECTS

Synparastasy Building Project


PROJECT
POSTED
May 28, 2017
Koukaki, Athens
FINANCIAL GOAL
$500,000

Synparastasy Building Project

We desire to purchase two buildings. The first three story building now houses our homeless ministry on the first floor,  our youth ministry on the second floor, and our guest house on the third floor. The purchase of this building will add over 1000 euros per month to the ministry by saving the expense of rent. The income of the guest house provides sufficient funds to pay the operating costs each month. We estimate a cost of 220,000 euros to purchase and another 100,000 euros to renovate this building.

The second building is a free-standing building. The advantage is that we will own the property and thus can add up to five floors as the law permits now. The cost is estimated to be 350,000 euros and another 150,000 euros to renovate. This does not include adding any floors. Each floor will cost an additional 100,000 euros estimated.