PEAK Capital Acquires Sunnyside, Queens Multifamily For $1.45M

A multifamily property located at 45-44 40th St. in Sunnyside, Queens has been sold for $1,450,000. The property consists of 6 units with a total square footage of 3,684. The sale price per unit was $241,666, and the price per square foot was $393. The transaction took place on 08/11/2022.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,450,000
• Address: 45-44 40th St., Sunnyside, Queens
• Market: Sunnyside, Queens
• Units: 6
• Price per Unit: $241,666
• Square Footage: 3,684
• Price per Square Foot: $393

Alex Rabin and David Gomez, representing PEAK Capital, purchased the property from Elizabeth Landrito. The deal was facilitated by broker Tsering Dolker. The property was sourced off-market, and at the time of purchase, 5 out of the 6 units were vacant. Additionally, the location offers the convenience of being within walking distance to the 7 train.

PEAK Capital, led by Alex Rabin and David Gomez, is actively seeking value-add multi and mixed-use properties in prime neighborhoods of Western Queens, Brooklyn, and Manhattan. For any new acquisition opportunities, interested parties can reach out to Alex Rabin at [email protected].