Alchemy Ventures Acquires Multifamily Portfolio In Bedford-Stuyvesant & Crown Heights For $36M

Alchemy Ventures has acquired a multifamily asset in Bedford-Stuyvesant and Crown Heights for a total price of $36,000,000. The property consists of 113 units with an average price per unit of $318,584. It spans a total area of 93,850 square feet, resulting in a price per square foot of $383. The asset is located at 442 Decatur Street, 216 Macon Street, 475 Hancock Street, 1050 Lafayette Avenue, 788 Madison Street, 790 Madison Street, 223 Brainbridge Street, 45 Kingston Avenue, and 910 Prospect Place.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $36,000,000
• Units: 113
• Price per Unit: $318,584
• Square Footage: 93,850
• Price per Square Foot: $383
• Market: Bedford-Stuyvesant & Crown Heights

The deal was facilitated by the seller, Alcion Ventures, and the buyer's representative, Alchemy Ventures. The transaction involved the brokers Dan O'Brien, Caroline Hodes, Dylan Walsh, and Jake McGuffog from Cushman & Wakefield.