Alex Rabin & David Gomez Of PEAK Capital Acquire Multifamily Asset In Murray Hill

The multifamily property located at 120 East 37th Street in Murray Hill, Manhattan, was recently sold for $4,250,000. The property comprises 7 residential units with a total square footage of 6,803. The price per unit was $607,143, and the price per square foot was $625. The sale took place between buyers Alex Rabin and David Gomez from PEAK Capital, and the seller, Donald Fleishaker. The transaction was facilitated by brokers Brandon Thomas and Scott Dweck from Latitude Property Group.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $4,250,000
• Units: 7
• Square Footage: 6,803
• Buyer: Alex Rabin & David Gomez - PEAK Capital
• Seller: Donald Fleishaker
• Brokers: Brandon Thomas & Scott Dweck - Latitude Property Group

The property, nestled in a prime location between Lexington & Park Avenue, was fully vacant at the time of purchase. The buyers noted that the 7 residential units presented a valuable investment opportunity in the sought-after Murray Hill neighborhood, highlighting the potential for future returns on their acquisition.