Washington Heights Buildings Sell For $11.5M

WASHINGTON HEIGHTS, NY — Two adjacent Washington Heights rental buildings sold recently for $11.5 million, according to public real estate records. The sale represented a huge increase in value for the property, which was purchased by its previous owner in 2014.

Real estate development firm Alchemy Ventures scooped up 82 and 84 Wadsworth Ave. from an entity named Wadsworth 82 LLC in a deal that closed in September, according to real estate records. An entity named 82-84 Wadsworth Avenue NY LLC is the new owner of the buildings, but records list the buyer's address as belonging to Alchemy Ventures.

• For sale in Washington Heights.

The previous owner of 82 and 84 Wadsworth Ave was real estate investor Shaul Kopelowitz, according to signatures on real estate documents. Kopelowitz bought the properties for $7.4 million in 2014, according to public real estate records.

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A spokesperson for Alchemy Properties — an affiliate of Alchemy Ventures — did not immediately respond to Patch's request for comment. What the new owners have in store for any tenants currently living at 82 or 84 Wadsworth Ave. is unknown.

A number of big-money acquisitions have been made recently in Washington Heights and Inwood. Recently a fully rent-stabilized apartment building with 42 apartment units just down the block at 390 Wadsworth Ave. sold for $12.5 million.

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