Peak Capital Acquires Multifamily Property In Astoria, Queens For $1.5M

The multifamily property located at 28-52 35th Street in Astoria, Queens was recently sold for $1,500,000. The property consists of 6 units with a total square footage of 6,300. The price per unit was $250,000 and the price per square foot was $238. The transaction took place on October 6, 2021. The buyer was Peak Capital and the seller was Vhrahos Realty, represented by Panogiotis Drivas. The deal was facilitated by Constantinos Kapelonis of BKR Real Estate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,500,000
• Units: 6
• Price Per Unit: $250,000
• Square Footage: 6,300
• Price Per Square Foot: $238
• Address: 28-52 35th Street
• Market: Astoria, Queens

Peak Capital has been actively acquiring value-add multifamily buildings in Queens, Brooklyn, and Manhattan. They expressed their gratitude to BKR for their great work in completing the deal and encouraged others to reach out to co-Founder & Head of Acquisitions, Alex Rabin, with any value-add opportunities. Alex can be contacted at [email protected]. Peak Capital looks forward to more successful transactions in the future.