PEAK Capital Acquires Greenpoint Multifamily Property For $6M

An 8-unit multifamily property located at 111 Huron St. in Greenpoint recently sold for $6,000,000. The sale was completed on 06/14/2022. The buyer, PEAK Capital, was represented by Alex Rabin and David Gomez. The seller was Joseph Hentze. The transaction was facilitated by Ronald Cohen of Besen Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,000,000
• Address: 111 Huron St.
• Market: Greenpoint
• Units: 8
• Price per Unit (PPU): $750,000
• Square Footage: 8,400
• Price per Square Foot (PPSF): $714

The property is situated in a prime location in Greenpoint, just off Franklin Street. It consists of 8 units, all free market, making it an attractive investment opportunity. PEAK Capital, a company actively acquiring value-add multi and mixed-use properties in Western Queens, Brooklyn, and Manhattan, sourced this off-market deal. For any new acquisition opportunities, please contact Alex Rabin at [email protected].