Joint Venture Pulls Trigger on $50M Brooklyn Portfolio Sale

B6 Real Estate Advisors is arranging the sale for the portfolio comprised of 80% free-market units.

NEW YORK CITY – Alcion Ventures and Alchemy Ventures has pulled the trigger on the sale of its 92,000-square-foot portfolio in Brooklyn, dubbed the BKL9N. The assemblage is comprised of 80% free-market units and is on the auction block for $50 million. B6 Real Estate Advisors is leading the marketing effort.

Bids are steadily rolling in from local operators and national institutions for the portfolio, which is attributed to the droves of investors hungry for free-market assets since the New York State Legislature enacted rent regulation in June.

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Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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