PEAK Capital Acquires Mixed-Use Property In Turtle Bay For $4.32M

The mixed-use property located at 333 East 52nd Street in Turtle Bay, Manhattan was recently sold for $4,325,000. Spanning 6,135 square feet, the asset boasts 8 units, consisting of 7 residential units and 1 retail unit. The property, which is fully vacant, is situated in a prime location between 1st and 2nd Avenue, offering a lucrative investment opportunity in the bustling Turtle Bay neighborhood.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $4,325,000
• Square Footage: 6,135
• Price per Square Foot: $705
• Address: 333 East 52nd Street
• Market: Turtle Bay, Manhattan

The sale was orchestrated by Alan Stenson from Brax Realty, representing the seller Mohammad Dastghaib. On the buyer's side, PEAK Capital, led by Alex Rabin and David Gomez, acquired the property. The buyer noted that the property comprises 8 units, all fully vacant, providing a blank canvas for potential development or leasing opportunities. Furthermore, the asset enjoys a 100% floor-to-area ratio, adding to its investment appeal in the market.