Acquisition Focus
Alchemy Properties Inc. is actively seeking two general types of real estate investments. The first type of investment would be higher risk opportunistic real estate either in the form of defaulted notes or defaulted development projects. As detailed below, the opportunistic project types that we are considering are residential (condos particularly), office and retail.
The principals' backgrounds and the firm's experience make us extremely well suited for these opportunities from due diligence to execution.
We are also actively considering stable cash flow residential, retail and office properties with solid tenancies, excellent locations and future upside. We are hoping to take advantage of positive leverage as we believe it will be an excellent time to buy well located assets for longer-term appreciation.
Acquisition Criteria Summary
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| Geography | Entire NYC Metropolitan Area including Westchester, Northern NJ, Long Island and Connecticut | Entire NYC Metropolitan Area and solid suburban locales within 125 miles of Manhattan. | Entire NYC Metropolitan Area and solid suburban locales within 50 miles of Manhattan. | ||
| Property Size | 30,000 square feet to 400,000 square feet | 5,000 square feet (urban retail) to 300,000 square feet | 40,000 square feet to 300,000 square feet | ||
| Price | $5,000,000 minimum | $5,000,000 minimum | $5,000,000 minimum | ||
| Type | Land (NYC only), existing residential rental property; defaulted condominium projects or unsold condo units; defaulted condominium projects or unsold condo units; defaulted (or performing) notes secured by residential properties. | Anchored and unanchored shopping centers; credit retail; single tenant property with a value-added or redevelopment element; land zoned for retail development (NYC only) and defaulted (or performing) notes secured by retail properties. | Vacant (NYC only) or leased; residential conversion potential a plus but not required; defaulted (or performing) notes secured by office properties. |
- Strong institutional partners with local discretion.
- Fast professional confidential process.
- Brokers protected
- Outstanding closing track record.
- Long-term relationships with banks and partners.
- No financing contingencies
- We will buy partnership interests.
For more information or to submit properties for purchase, contact:
| Residential Properties | Retail Properties | Office Properties |
| Kenneth S. Horn | Joel Breitkopf | Gerald Davis |
| President | Partner | Partner |
| (212) 683-0044 x 14 | (212) 683-0044 x 11 | (212) 683-0044 x 16 |
| Khorn[at]alchemy-properties[dot]com | Joel[at]alchemy-properties[dot]com | GerryD[at]alchemy-properties[dot]com |
