PEAK Capital Acquires Multifamily Property In Hunters Point From Joseph Palumbo For $2.6M

A multifamily property located at 45-42 Vernon Blvd in Hunters Point has been sold. The property consists of 6 units with a total square footage of 4,975. The sale price was $2,600,000, resulting in a price per unit of $433,333 and a price per square foot of $522.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Address: 45-42 Vernon Blvd
• Market: Hunters Point
• Buyer: PEAK Capital - Alex Rabin & David Gomez
• Seller: Joseph Palumbo
• Broker: Paul Youssef - Marcus & Millichap

The buyer of the property is PEAK Capital, represented by Alex Rabin and David Gomez. The seller is Joseph Palumbo. The transaction was facilitated by Paul Youssef from Marcus & Millichap. In this off-market purchase, all units were delivered vacant at closing. PEAK Capital, with their new capital sources, is actively seeking new investment opportunities and encourages interested parties to contact them at [email protected].