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Alchemy Ventures Acquires Multifamily Property In Cobble Hill, Brooklyn For $4.4M

Property Image
SOLD
$4,425,000
Michael (Mike) Salvatico
Luke Sproviero
+ 2

New York

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MultiFamily6,000 SF
Sold 09/01/2022
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Property Image
SOLD

Alchemy Ventures Acquires Multifamily Property In Cobble Hill, Brooklyn For $4.4M

327 Henry Street, Brooklyn, New York 11201, United States

See Similar Deals
MultiFamily6,000 SF
Sold 09/01/2022
Michael (Mike) Salvatico
Luke Sproviero
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$737
Total Square Footage:6,000 SF
Transaction Type:Sale

A multifamily property located at 327 Henry St. in Cobble Hill, Brooklyn, was recently sold for $4,425,000. The property spans approximately 6,000 square feet, resulting in a price per square foot of $737. The sale took place on September 1, 2022, and involved the buyer, Alchemy Ventures, and the seller, The Honig Family.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,425,000
  • Square Footage: 6,000
  • Price per Square Foot: $737
  • Address: 327 Henry St.
  • Market: Cobble Hill, Brooklyn

The deal was facilitated by the brokers involved, including Shaun Riney, Michael Salvatico, and Robbie Ferman from Marcus & Millichap, as well as Luke Sproviero and Daniel Shawah from Investment Property Realty Group (IPRG).

Players

Michael (Mike) Salvatico
173 deals$787M volume(718) 475-4358
BROKER

Daniel Shawah
Baldwin Pearson & Co
33 deals$103.9M volume(203) 531-6348
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Shaun Riney
Marcus & Millichap
355 deals$1.8B volume(718) 475-4369
BROKER

Robert (Robbie) Ferman
Newmark
28 deals$299.6M volume(212) 655-0695
BROKER

Alchemy Ventures
BUYER

Details

SOLD
IMAGE: Michael Salvatico, Shaun Riney, Robbie Ferman, Luke Sproviero & Daniel Shawah DATE: 09/01/2022 ADDRESS: 327 Henry St. MARKET: Cobble Hill, Brooklyn ASSET TYPE: Multifamily BUYER: Alchemy Ventures SELLER: The Honig Family BROKERS: Shaun Riney (@ShaunRiney1), Michael Salvatico (@MikeSalvatico) & Robbie Ferman (@Bobbie_Brownstone) - Marcus & Millichap (@MarcusMillichap_NY), Luke Sproviero (@LukeSproviero) & Daniel Shawah (@DanielJShawah) - Investment Property Realty Group (IPRG) (@IPRG_NYC) SALE PRICE: $4,425,000 SF: 6,000 ~ PPSF: $737

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$15,721.10
Cash-on-Cash Return-1.27%
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