Updated Oct 28, 2024
Alchemy Ventures Acquires Multifamily Properties In Brooklyn For $17.6M
216 Macon Street, Brooklyn, New York 11216, United States
$17,625,000
Units
113
Asset Type
MultiFamily
Closing
Aug 15, 2022
About this deal
AI
Alchemy Ventures has acquired a multifamily asset in Brooklyn. The property is located at 216 Macon Street, 475 Hancock Street, 1050 Lafayette Avenue, and 223 Bainbridge Street. The transaction took place on August 16, 2022, with a sale price of $17,625,000. The property consists of 49 units, resulting in a per unit price of $359,693.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,625,000
- Units: 49
- Price Per Unit: $359,693
The seller of the property was Alcion Ventures. Alchemy Ventures was represented by their broker in the deal.
On the Map
$17,625,000
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93