Updated Oct 29, 2024
Peak Capital Advisors Acquires Multifamily Property In Sunnyside, Queens For $3.8M
47-21 47th St, Flushing, NY 11377, USA
$3,800,000
Units
12
Asset Type
MultiFamily
Closing
Nov 7, 2019
About this deal
AI
Peak Capital Advisors, led by co-founder David Gomez, has acquired a multifamily property located at 47-21 47th Street and 48-50 41st Street in Sunnyside, Queens. The property consists of 12 units and was purchased from seller Roy Leonard for a total sale price of $3,800,000, resulting in a price per unit of $316,666. The transaction took place on November 8, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 47-21 47th Street, 48-50 41st Street
- Market: Sunnyside, Queens
- Units: 12
- Price per Unit: $316,666
Brandon Thomas from Peak Capital Advisors represented the buyer in this transaction. The partnership between Peak Capital Advisors and the seller, Roy Leonard, resulted in the successful acquisition of the property. This deal marks another milestone for Peak Capital Advisors, demonstrating their expertise in the real estate market.
Players
Woodside 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93