#United States #New York #Alchemy Ventures #151 Avenue A #East Village

Alchemy Ventures Acquires Key Property in East Village

Alchemy Ventures, a subsidiary of Alchemy Properties Inc., has made headlines by securing a prominent mixed-use property located at 151 Avenue A, New York City, for a staggering $10.75 million. This acquisition marks a significant milestone in the company's expansion strategy within Manhattan’s vibrant real estate market.

Overview of the Property

151 Avenue A is a five-story structure that spans an impressive 9,634 square feet and is strategically positioned across from Tompkins Square Park, nestled between East 9th and East 10th Streets. The building features eight spacious three-bedroom, two-bathroom apartments along with two bustling retail spaces at ground level. Among these retail spaces is the much-talked-about cheesesteak shop, Danny Coop's, co-owned by noted actor and filmmaker Bradley Cooper alongside Danny DiGiampietro, the owner of Philadelphia's famous Angelo's pizzeria. The new establishment has quickly gained popularity, receiving rave reviews and attracting long lines of eager customers.

The acquisition, finalized in March 2025, was brokered by prominent real estate agents Joe Koicim and Matt Berger from Marcus Millichap, demonstrating Alchemy Ventures’ commitment to acquiring prime locations that promise growth.

Strategic Vision

Sam Kooris, the Co-Founder and Principal at Alchemy Ventures, commented on their acquisition, stating that it reflects the company’s ongoing growth trajectory in New York City. He emphasized that “151 Avenue A is a perfect example of the high-quality, strategically located assets that are central to our vision.” With plans already in motion to enhance the value of this property, Alchemy Ventures aims to revitalize this space while contributing positively to the neighborhood.

The acquisition is a part of a series of strategic moves by Alchemy Ventures, which has recently also acquired significant properties like 310 West 80th Street for $11.25 million and 251 Church Street in Tribeca for $12.55 million. Both properties underscore the firm's focus on high-profile investments in well-established neighborhoods, further solidifying its presence and reputation in the competitive New York real estate market.

A Robust Portfolio

Since its inception in 2014, Alchemy Ventures has cultivated a robust portfolio valued at approximately $400 million, comprising over 70 individual assets and 2,000 units across Manhattan, Brooklyn, and Kansas City, MO. This impressive expansion is largely attributed to their dedicated team of over 15 professionals who manage acquisitions, financing, property management, and asset management proficiently.

Earlier in the year, the firm successfully exited a real estate portfolio exceeding $200 million, marking a monumental achievement in its operational capacity.

Through its mission to provide top-tier living experiences and commercial environments, Alchemy Ventures continues to flourish, demonstrating a commitment to growth through strategic acquisitions and community engagement.

For more insights into their journey and future projects, visit the Alchemy Ventures website.

Conclusion

The acquisition of 151 Avenue A is more than just a property purchase; it is a testament to the potential of urban development in New York City. As Alchemy Ventures leads the charge in reshaping the East Village landscape, the company remains poised for continued success in the ever-evolving real estate market. With visionary leaders at the helm, there’s no telling how far they will go in redefining city living.