Alchemy Ventures Acquires Multifamily Properties In Brooklyn For $17.6M
SOLD
$17,625,000
New York
See Similar DealsMultiFamily
Sold 08/16/2022
SOLD
Alchemy Ventures Acquires Multifamily Properties In Brooklyn For $17.6M
216 Macon Street, Brooklyn, New York 11216, United States
See Similar DealsMultiFamily
Sold 08/16/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$940,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,617.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$83,551.49
Annual Debt Service$1,002,617.90
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