Alchemy Ventures Acquires Multifamily Properties In Brooklyn For $17.6M

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.