North Moore Street Parking Garage Acquired by Alchemy Properties | Real Estate Services M&A Deal

Alchemy Properties has completed the acquisition of North Moore Street Parking Garage, a real estate services other business in New York, for $57M. The North Moore Street Parking Garage acquisition involves a vacant Tribeca parking asset on Manhattan’s North Moore Street, supporting Alchemy Properties acquisitions tied to redevelopment planning. As a private equity acquisition in real estate services M&A, the Alchemy Properties acquisitions strategy targets value creation through converting underutilized parking infrastructure into a higher-and-better-use residential project. The real estate services deals NY transaction is categorized as other acquisition, with Alchemy Properties as a private equity buyer pursuing NY acquisitions in the $50M–$100M size range.