Adeeb Joudeh, the custodian of the keys, said that the church was reopened to the public at 4am local time (02:00 GMT).
CBN News reports, the Church is located on the site believed to be where Jesus was crucified and resurrected.
The original statement issued on Sunday was signed by the Greek Orthodox Patriarch Theophilos III of Jerusalem; the Catholic Custos of the Holy Land, Fr Francesco Patton, a Franciscan priest who holds responsibility for guardianships of the holy places on behalf of the Roman Catholic Church; and the Armenian Patriarch of Jerusalem, Patriarch Nourhan Manougian.
The closure - which seemed to be the longest since at least 1990 - had left thousands of pilgrims and tourists seeking to visit locked outside.
Israeli Regional Cooperation Minister Tzachi Hanegbi will also look into the issue of land sales in Jerusalem by Christian bodies, which prompted the proposed law that is now also suspended. We welcome the intervention of the Prime Minister and encourage the Members of the Knesset to promote the unique role that Churches play in the life of this multicultural, multi-ethnic and multi-religious Holy City. "It's a very good step ... and they realised you can not talk to the churches with threats".
Jerusalem Mayor Nir Barkat said his decision had affected only commercial properties, such as hotels, restaurants and offices, and not houses of worship. Christians from around the world make pilgrimages to the church, which is run by several denominations.
Israeli politicians are also threatening to confiscate the land before it falls "into the hands of private developers", according to Haaretz. Christian leaders protested the move saying, "This reminds us all of laws of a similar nature which were enacted against the Jews during dark periods in Europe". The Greek Orthodox patriarch in Jerusalem was sacked after his church sold property to Jewish settler groups, which then evicted Palestinian tenants.
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The secretary general stressed that it would not be possible to establish relations with Israel without ending the Israeli occupation and the establishment of an independent Palestinian State on the territories occupied in 1967 with East Jerusalem as Palestine's capital. The latter, as per existing laws, will continue to be shielded from property taxes.
An Israeli organisation minted a coin bearing United States (US) President Donald Trump's image to honour his recognition of Jerusalem as Israel's capital.
President Trump, last December 6, formally recognized Jerusalem as Israel's capital after three previous administrations had signed waivers every six months delaying enactment of a law passed by Congress.
"Yet here are eight nations that have never been called out for violating this principle by placing their chief missions to the Palestinians in Jerusalem".
The decision to close the church was extremely rare.
Sameh Zakaria and his wife Amira, a Dutch-Egyptian Coptic couple, visited the church from the Netherlands on Wednesday. "I don't think I'll ever be able to come again".
"I am happy now and I will pray for my children, my family and my country".