NEW YORK, March 3, 2022 /PRNewswire/ — new YorkAlchemy-based Alchemy Ventures today announced recent additions to its growing portfolio in New York CityNY and Kansas City, Mo. Over the past two years, Alchemy Ventures and its partners have acquired 19 sites comprising 180 residential rental units and 19 retail stores across New York City for $135 million and 17 sites comprising more than 1,000 rental residential units in the urban core of Kansas City for $125 million.
“With the recent acquisitions of these 36 properties, Alchemy Ventures continues to show phenomenal growth in key markets across the United States. We strongly believe in the importance of counter-cyclical development. Backed by our unwavering belief in quality housing with high-end design at fair prices, we had the foresight to invest in desirable, limited-supply neighborhoods at a time when other developers were hesitant,” said Samuel KoorisDirector of Alchemy Ventures and Alexander Horndirector of Alchemy Ventures in a joint statement.
Recent New York City acquisitions include 203 West 80th Street in from manhattan Upper West Side, as well as properties in the East Village and West Village neighborhoods and from Brooklyn Park Slope, Carroll Gardens, Cobble Hill and Perspective heights neighborhoods. Alchemy Ventures and its partners have been the most active in the desirable West Village neighborhood with the acquisition of over 88 residential units and 11 retail stores.
Kansas City acquisitions include the historic and iconic Pickwick Apartments and four individual sites, 200 Walnut Street, 318 West 7and 200 West 5 Streetand Street and 930 Broadway Boulevard, which will be known as Unity Lofts in the Rivermarket and Downtown areas.
“As responsible landlords who have the utmost respect for our tenants, our goal is to strategically renovate, improve and upgrade all properties we acquire to enhance the tenant experience. We do incorporating new technology-driven features and best-in-class designer finishes throughout residences, common areas and amenities,” said Samuel Kooris and Alexander Horn in a joint statement.
For more information on Alchemy Ventures, please visit https://alchemy-properties.com/alc-ventures/
About Alchemy Ventures
Alchemy Ventures, established in 2014, is an independent subsidiary of Alchemy Properties with a staff of over 25 people. Alchemy Ventures invests in vertically integrated development and established neighborhoods that contribute to the rich fabric of NYC and Kansas City. Benefiting from Alchemy Properties’ three decades of experience, they quickly established a reputation for integrity, reliability and continuity while amassing a portfolio valued at over $400 million encompassing over 60 and counting individual assets.
Alyssa Maltese, [email protected]
SOURCE Alchemy Ventures