Peak Capital Acquires Multifamily Property In Sunnyside, Queens For $1.45M

A multifamily property located at 45-44 40th St. in Sunnyside, Queens has been sold in a recent transaction. The property consists of 6 units and spans a total area of 3,684 square feet. The sale price for this asset was $1,450,000, resulting in a price per unit of $241,666 and a price per square foot of $393.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,450,000
• Address: 45-44 40th St.
• Market: Sunnyside, Queens
• Units: 6
• PPU: $241,666
• SF: 3,684
• PPSF: $393

The buyer of this property is PEAK Capital, represented by Alex Rabin and David Gomez. The seller in this transaction is Elizabeth Landrito. Tsering Dolker acted as the broker in this deal. Notably, the property was sourced off-market and was delivered with 5 out of 6 units vacant. Additionally, it is conveniently located within walking distance to the 7 Train.

PEAK Capital, headed by Alex Rabin and David Gomez, is actively seeking value-add multi and mixed-use properties in prime neighborhoods of Western Queens, Brooklyn, and Manhattan. For any new acquisition opportunities, interested parties can reach out to Alex Rabin at [email protected].