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47-21 47th St, Flushing, NY...

Updated Oct 29, 2024

Peak Capital Advisors Acquires Multifamily Property In Sunnyside, Queens For $3.8M
SOLDMultiFamily

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

Brandon Thomas

Latitude Property Group

Broker

$165.7M

vol

13 deals

Broker
Peak Capital Advisors
Peak Capital AdvisorsBuyer

Woodside MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $316.7K per unit across 12 units on a published $3.8M (2019).

Visit Brandon Thomas to view all their deals.

Browse Woodside multifamily sales on Traded.

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

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