Alchemy Properties | TRD Research
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Alchemy Properties

641 Lexington Avenue
New York, NY 10022
(212) 683-0066
Website
[email protected]

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.

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
...
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
...
  • Event Sales
  • Address 260 West 78th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 158,000,000
  • Publication Date 09/24/2018
  • Event Date 09/12/2018
  • Party 1 West End Collegiate Church
  • Party 2 Alchemy Properties, Daishin Securities
notes
The buyer acquired 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 09/24/2018
  • Event Date 09/12/2018
  • Party 1 Alchemy Properties, Daishin Securities
  • Party 2 Bank OZK
notes
The lender issued an acquisition/construction loan of $230 million for the Upper West Side portfolio.
  • 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
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
Brooklyn, 11231
ALCHEMY PROPERTIES, 340 COURT STREET, LLC
...
Brooklyn, 11231
ALCHEMY PROPERTIES, 340 COURT STREET, LLC
The sponsor(s) filed plans on 10/13/09 to test the market with a project...
Brooklyn, 11201
Alchemy Properties, 199 STATE STREET EQUITY LLC
The sponsor(s) filed plans on 08/29/05 for a condo project at 199 State...
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...
Brooklyn, 11231
Alchemy Properties, 340 COURT STREET LLC
The sponsor(s) filed plans on 04/20/12 for a condo project at 291 Union...
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, 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...

07/01/2014
Together Walker Tower and the other top luxury projects in the area â€' 35XV by Alchemy Properties and 245 West 14th Street by Alfa Development â€' have an average of about $3,667 per square foot for listings and in-contract sales, TRD’s analysis found...

03/31/2010
"The market has picked up tremendously over the past seven or eight weeks," said Kenneth Horn, president of Alchemy Properties and the developer of Hudson Hill Condominium on West 58th Street...

11/01/2007
Back in the days when developers needed only to announce a New York condo project in a hot neighborhood or a design by a celebrityBack in the days when developers needed only to announce a New York condo project in a hot neighborhood or a design by a celebrity...
Brooklyn, 11231
ALCHEMY PROPERTIES, 340 COURT STREET, LLC
...
Brooklyn, 11231
ALCHEMY PROPERTIES, 340 COURT STREET, LLC
The sponsor(s) filed plans on 10/13/09 to test the market with a project...
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, 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...