PEAK Capital Acquires Multifamily Property In Long Island City For $4.4M

Located at 32-30 41st St. in Long Island City, this multifamily property was recently sold. The transaction took place on May 17, 2022, with a sale price of $4,400,000. The property consists of 20 units, with an average price per unit of $220,000. The total square footage is 9,880, resulting in a price per square foot of $445. The majority of units in this property are Free Market, and it is in close proximity to the M & R Train.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $4,400,000
• Address: 32-30 41st St.
• Market: Long Island City

Alex Rabin and David Gomez from PEAK Capital, along with Dean Kartsonis as the seller, were involved in this transaction. The buyer was represented by Ami Efrati from Entrepreneur Properties. This sale marks Peak's 38th transaction, and they are actively searching for value-add properties in prime neighborhoods of Western Queens, Brooklyn, and Manhattan. For any new acquisition opportunities, you can reach out to Alex Rabin at [email protected].