Alchemy Properties | The Real Deal New York

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Alchemy Properties

641 Lexington Avenue
New York, NY 10022
(212) 683-0066
Website
info@alchemy-properties.com

Alchemy Properties is a privately held real estate development and investment firm. Alchemy was founded in 1990 and has focused mostly on rehab and new construction projects in Chelsea and Midtown. With a relatively small staff (roughly 30 employees), Alchemy has managed to acquire or convert more than 2 million square feet of residential space in New York City worth upwards of $2 billion. Although the firm has been a quiet player in the real estate market, it has generated headlines in recent years. In 2006 Alchemy first got noticed by selling dozens of condos in the space of a few hours, and in 2012 Alchemy landed a deal for the top floors of the Woolworth Building for $68 million. The firm (along with Witkoff Group and Cammebys International) began to flip the top 30 floors of the century-old landmark building into luxury apartments. The high-end conversion proved to be more expensive than originally thought, but prices for the apartments rose as high as $110 million for the penthouse.


09/12/18
...West 77th Street (Credit: Google Maps) Ken Horn's Alchemy Properties is expanding the firm's Upper West Side portfolio, after paying $158 million for a development...

...Witkoff Group bought it for $155 million. Current owner Alchemy Properties converted the building’s upper floors into the Woolworth Tower Residences luxury apartments, including...

07/04/18
...month, he partnered with WeWork’s Neumann and Alchemy Properties to buy the top floors of the Woolworth Building for $68 million with plans for...

06/25/18
...Group, DHA Capital, Silverback Development, Heritage Equity Partners, Alchemy Properties, Slate Property Group, Emerald Equity Group, Kent Swig and Yair Levy. And then there...

05/31/18
...Place. The Carlyle Group is also working with Alchemy Properties on a 32-unit condo building at 2255 Broadway on the Upper West Side. They recently...

05/30/18
...top 30 floors are being converted to condominiums by Alchemy Properties. A penthouse at the building hit the market for $110 million last year. — Meenal Vamburkar...

05/28/18
...do here.” Along with union chief, TRD interviewed Alchemy Properties’ Ken Horn, Brown Harris Stevens’ Hall Willkie, Halstead Property’s Diane Ramirez, Warburg Realty...

05/25/18
...the package, such as the Woolworth Building, where Alchemy Properties is converting the top 30 floors into 33 condos. Prices start at about $4 million. Alchemy president...

05/23/18
...Properties' Marty Burger, HFZ Capital founder Ziel Feldman, Alchemy Properties president Ken Horn and developer Bentley Zhao, largely rejected the idea there is too...

05/14/18
...panelists, which included HFZ Capital founder Ziel Feldman, Alchemy Properties president Ken Horn and developer Bentley Zhao, picked apart the state of development in...

03/15/18
...CPS is priced at $11,000 per foot. In September, Alchemy Properties listed the unfinished penthouse at the Woolworth Building for $110 million, or $11,328 per foot. And...

03/14/18
...this cycle was the Woolworth Tower Residences, where Alchemy Properties replaced dark and masculine finishes with light Calacatta marble and sleek Dornbracht hardware. The...

03/13/18
...Properties' Marty Burger; Town Residential’s Andrew Heiberger; Alchemy Properties’ Ken Horn; Douglas Elliman’s Raphael DeNiro; AECOM Tishman's Jay Badame; RKF's Robert K...

03/08/18
...but he did it,” Ken Horn, founder of Alchemy Properties, said in 2013. “He’s the kind of guy who sets his mind on something...

02/26/18
...it looks to shore up its unsteady finances. Alchemy Properties and the Carlyle Group’s condominium development at 250 West 81st Street accounted for the...

02/22/18
...market.” One that recently entered the fray is Alchemy Properties and Alcion Ventures' nine-building, 113-unit Brooklyn portfolio, which has a high sticker price at...

02/07/18
...Street, 910 Prospect Place, 442 Decatur Street and 45 Kingston Avenue Alchemy Properties and Alcion Ventures are looking to sell a portfolio of Brooklyn apartment buildings valued...

12/27/17
...month, he partnered with WeWork’s Neumann and Alchemy Properties to buy the top floors of the Woolworth Building for $68 million with plans for...

12/14/17
...as Leslie Himmel, Taconic Investment Partners' Charles Bendit, Alchemy Properties...

12/08/17
...Street (Credit: 250west81st.com) Ken Horn’s Alchemy Properties and the Carlyle Group secured $102 million in financing for a planned 32-unit condominium building...

12/07/17
...package. In 2016, the bank also originated $220 million for Alchemy Properties’ conversion of the Woolworth building and $116 million for Harry Macklowe’s 200 East 59th Street...

12/05/17
...Group, DHA Capital, Silverback Development, Heritage Equity Partners, Alchemy Properties, Slate Property Group, Emerald Equity Group, Kent Swig and Yair Levy. And then there...

...month, he partnered with WeWork’s Neumann and Alchemy Properties to buy the top floors of the Woolworth Building for $68 million with plans for...

10/24/17
...penthouse hit the market for $110 million last month. Alchemy Properties is converting the Cass Gilbert-designed building at 2 Park Place into 33 luxury condos and describes...

10/10/17
...blah surrounding the Woolworth Tower, which Ken Horn's Alchemy Properties is converting into high-end condominiums. On a trip down to the AG’s office...
Alchemy Properties, Real Estate Salesperson
641 Lexington Avenue, 32nd Floor, New York, NY, (212) 683-0066
...
Alchemy Properties, Real Estate Salesperson
641 Lexington Avenue, 32nd Floor, New York, NY, (212) 683-0066
...
Alchemy Properties, Real Estate Salesperson
641 Lexington Avenue, 32nd Floor, New York, NY, (212) 683-0066
...
Alchemy Properties, Real Estate Salesperson
641 Lexington Avenue, 32nd Floor, New York, NY, (212) 683-0066
...
Alchemy Properties, Real Estate Salesperson
641 Lexington Avenue, 32nd Floor, New York, NY, (212) 683-0066
...
Alchemy Properties, Real Estate Salesperson
641 Lexington Avenue, 32nd Floor, New York, NY, (212) 683-0066
...
Alchemy Properties, Real Estate Salesperson
641 Lexington Avenue, 32nd Floor, New York, NY, (212) 683-0066
...
Alchemy Properties, Corporate Broker
641 Lexington Avenue, 32nd Floor, New York, NY, (212) 683-0066
...
Alchemy Properties, Real Estate Salesperson
641 Lexington Avenue, 32nd Floor, New York, NY, (212) 683-0066
...
  • Event Sales
  • Address 260 West 78th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 158,000,000
  • Publication Date 09/17/2018
  • Event Date 09/12/2018
  • Party 1 West End Collegiate Church
  • Party 2 Alchemy Properties, Daishin Securities
notes
The buyer bought the Upper West Side portfolio for $158 million.
  • Event Financing
  • Address 260 West 78th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 230,000,000
  • Publication Date 09/17/2018
  • Event Date 09/12/2018
  • Party 1 Alchemy Properties, Daishin Securities
  • Party 2 Bank OZK
notes
The buyer secured an acquisition/construction loan of $230 million for the Upper West Side portfolio.
  • Event Retail Leasing
  • Address 233 Broadway
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 1,586
notes
The coffee chain renewed its lease in Tribeca.
  • Event Financing
  • Address 2255 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 19,443
  • Price $ 102,000,000
  • Publication Date 12/12/2017
  • Event Date 12/08/2017
  • Party 1 Alchemy Properties, Carlyle Group
  • Party 2 Bank of the Ozarks
notes
The owners secured a $102 million financing loan for the building on the Upper West Side.
  • Event Sales
  • Address 649 Argyle Road
  • Neighborhood Ditmas Park
  • Borough Brooklyn
  • Square feet 20,468
  • Price $ 3,950,000
notes
The developer acquired the mixed-use building for $3.95 million.
  • Event Office Leasing
  • Address 800 Third Avenue
  • Neighborhood Turtle Bay
  • Borough Manhattan
  • Square feet 9,575
notes
The real estate and development firms signed leases to relocate their joint offices.
  • Event Financing
  • Address 50 West 30th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 67,800,000
notes
The company secured a $68 million construction loan.
  • Event Financing
  • Address 233 Broadway
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 983,000
  • Price $ 220,000,000
  • Publication Date 07/01/2016
  • Event Date 05/15/2016
  • Party 1 Alchemy Properties
  • Party 2 Overseas Bank Limited
  • Party 2 Broker Joseph Sarcinella, Gerard Hefner, Crystal Persaud, Konstantinos Melitsanopoulos, Rose Plager-Unger, Reed Smith
notes
The company secured a $220 million loan.
  • Event Office Leasing
  • Address 233 Broadway
  • Neighborhood Lower Manhattan
  • Borough Manhattan
  • Square feet 11,516
notes
The designer signed a lease on the 14th floor.
  • Event Sales
  • Address 2255 Broadway
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 20,000
  • Price $ 51,000,000
  • Price per foot $ 2,550.00
notes
The 3-retail buildings sold for $51 million.
  • Event Residential Sales
  • Building Name 35 West 15th Street
  • Address Unit 13B, 35 West 15th Street
  • Unit 13B
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 951
  • Price $ 2,120,000
  • Price per foot $ 2,229.23
  • Publication Date 11/12/2015
  • Event Date 10/30/2015
  • Party 1 Alchemy Properties
  • Party 1 Entity Aga 15Th Street, LLC
  • Party 2 Ehsani 2012 Family Trust; Mahshid Ehsani As Trustee; Maygol Sarebanha As Trustee
  • Event Residential Sales
  • Building Name 35 West 15th Street
  • Address Unit 13D, 35 West 15th Street
  • Unit 13D
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 1,783
  • Price $ 3,744,519
  • Price per foot $ 2,100.12
  • Publication Date 09/16/2015
  • Event Date 09/02/2015
  • Party 1 Alchemy Properties
  • Party 1 Entity Aga 15Th Street, LLC
  • Party 1 Entity Firmland LLC
  • Event Residential Sales
  • Building Name 35 West 15th Street
  • Address Unit 12B, 35 West 15th Street
  • Unit 12B
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 945
  • Price $ 1,955,040
  • Price per foot $ 2,068.83
  • Publication Date 07/16/2015
  • Event Date 06/24/2015
  • Party 1 Alchemy Properties
  • Party 1 Entity Aga 15Th Street, LLC
  • Party 2 Wong , Fiona Wan Ching
  • Event Sales
  • Address 800 10th Avenue
  • Neighborhood Clinton
  • Borough Manhattan
  • Square feet 14,274
  • Price $ 11,300,000
  • Price per foot $ 791.65
notes
The retail condo sold for $11.3 million. The two-level space is leased for 25 years to drugstore chain CVS.
  • Event Financing
  • Address 460 West 54th Street
  • Neighborhood Clinton
  • Borough Manhattan
  • Publication Date 10/01/2008
  • Event Date 08/22/2008
  • Party 1 Affiliates of Alchemy Properties and Jamestown
  • Party 1 Brokerage Wolf Haldenstein Adler Freeman and Herz, King and Spalding
  • Party 1 Broker Jeffrey Schwartz, A. Charles, J. Bartlett
  • Party 2 Bank of America, Helaba Bank
notes
A $66.6 million loan was provided to finance the construction of an apartment building with ground-floor retail. The developers plan to build a tower totaling 132,000 square feet, with 95 apartments. An offering plan has not been filed yet, but the developers reportedly expect to complete the project in spring 2010. Includes 447-453, 450 and 452. 3 development sites
  • Event Office Leasing
  • Building Name 403-405 Broome Street
  • Address 403 Broome Street
  • Neighborhood Little Italy
  • Borough Manhattan
  • Square feet 1,500
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 1 Brokerage Trenkmann Realty
  • Party 2 Alchemy Properties
  • Party 2 Brokerage Tungsten Property
  • Party 2 Broker Nancy Nguyen
notes
The tenant took space on the sixth floor.
  • Event Office Leasing
  • Building Name 403-405 Broome Street
  • Address 403 Broome Street
  • Neighborhood Little Italy
  • Borough Manhattan
  • Square feet 1,500
  • Publication Date 02/01/2008
  • Event Date 12/23/2007
  • Party 1 Brokerage Trenkmann Realty
  • Party 2 Alchemy Properties
  • Party 2 Brokerage Tungsten Property
  • Party 2 Broker Nancy Nguyen
notes
The tenant took space on the sixth floor.
  • Event Sales
  • Building Name Sutton Hotel
  • Address 330 East 56th Street
  • Neighborhood Midtown East
  • Borough Manhattan
  • Price $ 54,000,000
  • Publication Date 09/01/2005
  • Event Date 07/23/2005
  • Party 1 Glenwood Organization
  • Party 2 Alchemy Properties
notes
Sold for $54 million.
  • Event Sales
  • Address 44 West 14th Street 121 West 21st Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 35,000,000
notes
65,000 sf and 70,000 sf sites will become residential
  • Event Sales
  • Building Name 44 West 14th Street and 121 West 21st Street
  • Address 121 West 21st Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 35,000,000
notes
65,000 sf and 70,000 sf sites will become residential
Manhattan, 10012
Alchemy Properties, BOWERY/NOHO LLC
...
Manhattan, 10011
Alchemy Properties, WEST TWENTY-SECOND STREET CAPITAL PARTNERS LL
...
Manhattan, 10011
Alchemy Properties
...
Manhattan, 10003
Alchemy Properties, ALCHEMY BULLMOOSE LLC
...
Manhattan, 10007
Alchemy Properties, EAST TRIBECA ASSOCIATES LLC
...
Manhattan, 10016
Alchemy Properties, GRAMERCY HILL, LLC
...
Manhattan, 10011
Alchemy Properties, 50 WEST 15TH LLC
The sponsor(s) filed plans on 02/03/06 for a condo project at 50 West...
Manhattan, 10011
ALCHEMY PROPERTIES, CHELSEA LION'S HEAD, LLC
The sponsor(s) filed plans on 12/07/04 for a condo project at 121 West...
Manhattan, 10019
Alchemy Properties, WESTWARD 58 PROPERTIES, LLC
The sponsor(s) filed plans on 08/10/07 for a condo project at 462 West...
Manhattan, 10011
Alchemy Properties, 125 WEST 21ST, LLC
The sponsor(s) filed plans on 08/18/06 for a condo project at 125 West...
Manhattan, 10024
Alchemy Properties, 2255 BROADWAY PROPERTY OWNER, L.L.C.
The sponsor(s) filed plans on 02/15/17 for a condo project at 2255 Broadway...
Manhattan, 10007
Alchemy Properties, WOOLWORTH 100 OWNER LLC
The sponsor(s) filed plans on 03/11/14 for a condo project at 233 Broadway...
Manhattan, 10013
Alchemy Properties, T GEORGE REALTY
...
Manhattan, 10075
Alchemy Properties, EASTSIDE 77 ASSOCIATES, LLC
The sponsor(s) filed plans on 02/21/08 for a condo project at 303 East...
Manhattan, 10011
AGA 15TH STREET LLC
The sponsor(s) filed plans on 06/08/12 for a condo project at 31-35 West...
MANHATTAN, 10007
WOOLWORTH 100 OWNER LLC
...
Manhattan, 10019
Alchemy Properties, 800 TENTH AVE DEVELOPER L.P.
The sponsor(s) filed plans on 12/30/08 for a condo project at 800 Tenth...
Manhattan, 10001
ALCHEMY PROPERTIES, 846 6TH AVENUE PROPERTY OWNER, L.L.C.
The sponsor(s) filed plans on 07/02/15 for a condo project at 846 6th...

...top luxury projects in the area — 35XV by Alchemy Properties and 245 West 14th Street by Alfa Development — have an average of about $3,667 per square...

...or eight weeks," said Kenneth Horn, president of Alchemy Properties and the developer of Hudson Hill Condominium on West 58th Street. He said he's...

...opening in March 2005, says Joel Breitkopf of developer Alchemy Properties, which marketed the units in-house. Condos sold for $500,000 to $2.75 million and range from 765 to...
Manhattan, 10024
Alchemy Properties, 2255 BROADWAY PROPERTY OWNER, L.L.C.
The sponsor(s) filed plans on 02/15/17 for a condo project at 2255 Broadway...
Manhattan, 10007
Alchemy Properties, WOOLWORTH 100 OWNER LLC
The sponsor(s) filed plans on 03/11/14 for a condo project at 233 Broadway...
Manhattan, 10011
AGA 15TH STREET LLC
The sponsor(s) filed plans on 06/08/12 for a condo project at 31-35 West...
Manhattan, 10001
ALCHEMY PROPERTIES, 846 6TH AVENUE PROPERTY OWNER, L.L.C.
The sponsor(s) filed plans on 07/02/15 for a condo project at 846 6th...