Peak Capital And HudsonPoint Group Acquire Multifamily Property In NYC For $9.65M

The recently closed property transaction involves a multifamily asset located at 112 4th Avenue in New York City. The property spans 14,000 square feet and was sold for a price of $9,650,000, resulting in a price per square foot of $689. The asset consists of 9 units, with a price per unit of $1,072,222.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $9,650,000
• Address: 112 4th Avenue
• Market: New York City
• Units: 9
• Square Footage: 14,000

The buyer in this transaction is Peak Capital represented by Alex Rabin and David Gomez, along with HudsonPoint Group represented by Jason Schottenfeld and Matthew Pazzaglini. The seller of the property is the Estate of Robert Osonitsch. The brokers involved in this deal are Ronald Cohen and Jay Bernstein from Besen Partners.

It is noteworthy that the property is situated on a prime block next to Union Square and within walking distance of Union Square and all subways. Additionally, the building was delivered entirely vacant, providing potential for value-add opportunities. For any new acquisition opportunities, interested parties can contact Alex Rabin at [email protected].