Peak Capital RE Acquires Multifamily Properties In Queens For $4.1M
35-21 Crescent Street, Queens, NY, USA
$4,125,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 16, 2020
AI
Peak Capital Real Estate has announced the successful closure of a multifamily property transaction in Queens. The property, located at 35-21 Crescent Street and 5-13 51st Avenue, was sold at a price of $4,125,000. The deal involved the purchase of 12 units, resulting in a per unit price of $343,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,125,000
- Units: 12
- Price Per Unit: $343,750
- Buyer: Peak Capital Real Estate - Alex Rabin, Alex Kaskel & David Gomez
- Seller: Bessie Bastides & Anne Demizio
- Brokers: Erion Ahmetaj & Nicholas Drivakos
This successful transaction showcases Peak Capital Real Estate's commitment to building affordable luxury products in prime Queens neighborhoods. For any similar deals, the company encourages interested parties to reach out to them via email at [email protected].
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93