Updated Feb 21, 2025
David Gomez & Alex Rabin Acquire Multifamily Property In Sunnyside, Queens For $1.6M
45-35 41st Street, Sunnyside, Queens County, NY, USA
$1,625,000
$289/SF
Building Size
5,610 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
Peak Capital Real Estate continues to expand its portfolio with the acquisition of a multifamily property located at 45-35 41st Street in Sunnyside, Queens. The property, situated in a prime market, boasts a zoning classification of R6A and a tax class of 2A.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Address: 45-35 41st Street
- Market: Sunnyside, Queens
- BSF: 6,250
- PPBSF: $260
- SF: 5,610
- PPSF: $289
- Units: 6
- PPU: $270,833
David Gomez and Alex Rabin, representing Peak Capital Real Estate, acted as the buyers in this transaction. They have been actively acquiring properties and express their continued interest in investment opportunities in prime markets in Queens and Brooklyn. For further inquiries, they can be reached at [email protected].
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93