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

Buildings contain 113 units overall and are valued at about $60M

Feb.February 07, 2018 12:15 PM

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

Related Articles

Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)

Here’s what the $10M-$30M NYC investment sales market looked like last week

Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)

New NYC rent law “beginning to shut down investment”

Numbers were down across the board (Credit: iStock)

New York’s multifamily market had its slowest first half of the year since 2011

From left: Jonathan Brody, Aaron Jungreis, and Alan Soclof

Stung by NY rent laws, Rosewood Realty is going nationwide

Daniel Goldstein of E&M Management

Multifamily landlord runs for mayor in Nassau County

201 West 92nd Street and 78 Riverside Drive (Credit: Google Maps)

Acuity Capital lands $324M refi on 28-building multifamily portfolio

Brookfield Asset Management CEO Bruce Flatt

“We underwrite every investment like we’re going to hit a recession”: Brookfield CEO

185 S. Fourth St. and Largo co-founder Nicholas Werner (Credit: Google Maps)

Largo buys another Williamsburg rental building for $32M