Peak Capital Acquires Multifamily Property For $2.125M In Sunnyside, Queens

A multifamily property located at 41-27 49th Street in Sunnyside, Queens has been sold. The property consists of 6 units with a total area of 4,885 square feet. The sale price for this transaction was $2,125,000, resulting in a price per unit of $354,166 and a price per square foot of $435.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,125,000
• Address: 41-27 49th Street, Sunnyside, Queens
• Market: Sunnyside, Queens

The buyer of this property was Peak Capital, represented by Alex Rabin & David Gomez. The seller was Simon Yan. The transaction was facilitated by Daria Mundry from Keller Williams Preferred Realty.

This off-market purchase from long-term ownership included 5 units that were delivered vacant at closing, allowing for immediate value-add opportunities. It is worth noting that this transaction is considered rare as it takes place north of Queens Boulevard in Sunnyside.

Peak Capital, with its new capital sources, is positioned to quickly and efficiently close on any new opportunities. For potential offerings, please contact Alex Rabin at [email protected].