The Real Deal New York

Alchemy, Alcion looking to sell 9-building Bed-Stuy portfolio

Buildings contain 113 units overall and are valued at about $60M
February 07, 2018 12:15PM

Alchemy Properties and Alcion Ventures are looking to sell a portfolio of Brooklyn apartment buildings valued at about $60 million.

The package includes nine buildings with a total of 113 units in Bedford-Stuyvesant, according to Real Estate Alert. Although they are listed as a portfolio, the buyers will consider bids for individual properties as well. The sellers appear to be targeting $530,000 a unit

The building addresses are 223 Bainbridge Street, 442 Decatur Street, 475 Hancock Street, 45 Kingston Avenue, 1050 Lafayette Avenue, 216 Macon Street, 910 Prospect Place, 778 Madison Street and 790 Madison Street. The package is 97 percent occupied, according to REA. HFF is marketing the portfolio. [REA] — Eddie Small