Peak Capital Advisors Acquires Midtown West Multifamily Building For $3.75M

A multifamily property located at 408 West 46th Street in Midtown West has been sold for $3,750,000. The property, classified as tax class 2A, consists of 5 units with a total square footage of 6,194. The price per square foot is $605, and the price per unit is $750,000. The buyer, Peak Capital Advisors, acquired the property from the seller, Jung Sook Koh. The transaction was facilitated by brokers Charles Chang and Rodney Nassimian from ighcap_Group.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $3,750,000
• Address: 408 West 46th Street
• Market: Midtown West
• Tax Class: 2A
• Square Footage: 6,194
• Price per Square Foot: $605
• Units: 5

Peak Capital Advisors, the buyer of the property, considers this acquisition as their 20th milestone. They express their excitement for owning a beautiful building in Manhattan. The company is actively seeking value-add deals in Queens, Brooklyn, and Manhattan. For any potential opportunities, interested parties can reach out to Alex Rabin, the co-Founder and Head of Acquisitions, at [email protected].