Peak Capital Acquires Multifamily Buildings In Williamsburg For $9M

The multifamily property located at 251-253 North 8th Street in Williamsburg has been sold for $9,000,000. The property spans 13,000 square feet, resulting in a price per square foot of $692. The transaction involved two contiguous free market buildings that are within walking distance to the L Train. The sale was sourced off-market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,000,000
• Square Footage: 13,000
• Price per Square Foot: $692
• Address: 251-253 North 8th Street
• Market: Williamsburg

The buyer of the property was PEAK Capital represented by Alex Rabin and David Gomez. The seller was Fred Gelfrand. The transaction was facilitated by brokers Shaun Rose, Mike Kerwin, and Sarah Sawyer from Compass. PEAK Capital, an active acquirer of value-add multi and mixed-use properties in prime neighborhoods of Western Queens, Brooklyn, and Manhattan, can be contacted at [email protected] for new acquisition opportunities.