Updated Feb 21, 2025
Peak Capital Acquires Multifamily Asset In Sunnyside, Queens For $1.95M
47-45 43rd Street, Sunnyside, Queens County, NY, USA
$1,950,000
$324/SF
Building Size
6,006 SF
Asset Type
MultiFamily
Closing
Nov 2, 2021
About this deal
AI
A multifamily property located at 47-45 43rd Street in Sunnyside, Queens, was recently sold for a total of $1,950,000. The property consists of 6 units with a total square footage of 6,006. The sale price per unit is approximately $325,000, and the price per square foot is approximately $324.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 47-45 43rd Street, Sunnyside, Queens
- Market: Sunnyside, Queens
Peak Capital, represented by Alex Rabin and David Gomez, purchased the property from Youngho Pae. The buyer's brokers for this transaction were Alex Rabin and David Gomez, who represent Peak Capital. The seller was represented by Jae Chun from xpRealty.
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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93