PEAK Capital Acquires Multifamily Property In Williamsburg For $10.5M

An off-market multifamily property located at 250 N. 6th St. in Williamsburg has been sold for a price of $10,500,000. The property consists of 20 units with an average price per unit of $525,000. It offers a total area of 16,100 square feet, resulting in a price per square foot of $652. The transaction took place on July 13, 2022, and was facilitated by Michal Kuras from William Green Real Estate.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $10,500,000
• Address: 250 N. 6th St.
• Market: Williamsburg

The buyer of the property is PEAK Capital represented by Alex Rabin and David Gomez. The seller, on the other hand, is Lazzaro San Giovanni. Peak Capital is actively involved in acquiring value-add multi and mixed-use properties in prime neighborhoods of Western Queens, Brooklyn, and Manhattan. For any new acquisition opportunities, they can be contacted through Alex Rabin at [email protected].

The property is located in prime Williamsburg off Roebling Street and is strategically close to the L Train. With its 20 units, it presents a promising investment opportunity for PEAK Capital. The transaction was sourced off market, allowing the buyer to secure this valuable asset.