Alchemy Ventures buys two properties for $9.6M

Alchemy Ventures bought two properties in New York City in two separate transactions with separate sellers.

In the first, Alchemy Ventures through the entity 203 West 80 Street Owner LLC paid Chris McDonnell’s Lennod Realty Corp $5.4 million for 203 West 80th Street in the Upper West Side. The deal closed on September 1, 2020, and was recorded on November 10, 2020. The transaction consists of 1 parcel, including the tax class multifamily, over six families without stores (C1) and containing 10 residential units. The property is 7,120 square feet. The parcel(s) have total development potential of 13,832 square feet.
The average sale price per square foot is $390.
The signatory for the buyer was Samuel Kooris

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

In the second, Alchemy Ventures through the entity Keystone 1021 Eighth Avenue LLC paid Richard A. Kaplin’s 573 11th St. LLC $4.2 million for 1021 8th Avenue in Park Slope. The deal closed on October 15, 2020, and was recorded on November 10, 2020. The transaction consists of 1 parcel, including the tax class multifamily, more than six families with stores (C7) and containing 7 residential units. The property is 7,300 square feet. The parcel(s) have total development potential of 7,300 square feet.
The average sale price per square foot is $575.
The signatory for the buyer was Samuel Kooris

Over the past five years, there has been one NYC Department of Buildings permit application filed for this parcel valued at more than $20,000. There was one renovation/alteration project (A2) applied for with a total estimated value of $45,000.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link