Alchemy Ventures pays $21.65M for mixed-use buildings in Greenwich Village, Cobble Hill

Alchemy Ventures paid $21.65 million to two different owners for a total of four mixed-use buildings in Greenwich Village and Cobble Hill in four separate transactions. To finance the purchases, Alchemy Ventures through the entity 502 Laguardia LLC as borrower signed an acquisition loan with lender Fortress Investment Group through the entity Fortress Credit Co LLC valued at $17.7 million for the three mixed-use buildings in Greenwich Village.

In the first transaction, Alchemy Ventures through the entity 504 Village Properties LLC paid $6.8 million to Marisa Bonnet through the entity Ermelino 504 LLC for four-unit mixed-use building at 504 La Guardia Place in Greenwich Village, Manhattan.

The deal closed on December 16, 2021 and was recorded on January 18, 2022.
The property has 8,775 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $774 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Marisa Bonnet was Marisa Bonnet. The signatory for Alchemy Ventures was Samuel Kooris.
Prior to this transaction, the buyer Alchemy Ventures purchased 14 properties in 14 transactions for a total of $35.1 million and had not sold any properties over the past 24 months.
The seller Marisa Bonnet had not purchased any other properties and had not sold any properties over the same time period.
The 8,775-square-foot property generated revenue of $397,683 or $45 per square foot, according to the most recent income and expense figures.

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. One of the projects were to change the number of residential units from 0 to 4 and were permitted on July 3, 2008.
Samuel Kooris is a principal at Alchemy Ventures.

Direct link to Acris document. link

In the second, Alchemy Ventures through the entity 502 Laguardia LLC paid $6.8 million to Marisa Bonnet through the entity Ermelino 502 LLC for four-unit mixed-use building at 502 La Guardia Place in Greenwich Village, Manhattan.
The deal closed on December 16, 2021 and was recorded on January 18, 2022.
The property has 8,775 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $774 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Marisa Bonnet was Marisa Bonnet. The signatory for Alchemy Ventures was Samuel Kooris.
Prior to this transaction, the buyer Alchemy Ventures purchased 14 properties in 14 transactions for a total of $35.1 million and had not sold any properties over the past 24 months.
The seller Marisa Bonnet had not purchased any other properties and had not sold any properties over the same time period.
The 8,775-square-foot property generated revenue of $397,683 or $45 per square foot, according to the most recent income and expense figures.

Direct link to Acris document. link

In the third, Alchemy Ventures through the entity Keystone West Broadway LLC paid $4.7 million to Marisa Bonnet through the entity Loumarita Realty Corp for four-unit mixed-use building at 506 La Guardia Place in Greenwich Village, Manhattan.
The deal closed on December 16, 2021 and was recorded on January 18, 2022.
The property has 8,775 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $529 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Marisa Bonnet was Marisa Bonnet. The signatory for Alchemy Ventures was Samuel Kooris.
Prior to this transaction, the buyer Alchemy Ventures purchased 14 properties in 14 transactions for a total of $35.1 million and had not sold any properties over the past 24 months.
The seller Marisa Bonnet had not purchased any other properties and had not sold any properties over the same time period.
The 8,775-square-foot property generated revenue of $397,683 or $45 per square foot, according to the most recent income and expense figures.

Direct link to Acris document. link

In the fourth, Alchemy Ventures through the entity Keystone 329 Henry LLC paid $3.4 million to George Manassa through the entity 329 Henry Street Realty Corp. for five-unit mixed-use building at 329 Henry Street in Cobble Hill, Brooklyn.
The deal closed on December 29, 2021 and was recorded on January 18, 2022.
The property has 5,000 square feet of built space and 472 square feet of additional air rights for a total buildable of 5,467 square feet according to PincusCo analysis of city data. The sale price per built square foot is $680 and the price per buildable square foot is $621 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for George Manassa was George Manassa. The signatory for Alchemy Ventures was Samuel Kooris.
Prior to this transaction, the buyer Alchemy Ventures purchased 14 properties in 14 transactions for a total of $35.1 million and had not sold any properties over the past 24 months.
The seller George Manassa had not purchased any other properties and had not sold any properties over the same time period.
The 5,000-square-foot property generated revenue of $185,050 or $37 per square foot, according to the most recent income and expense figures.

Direct link to Acris document. link