Peak Capital Acquires Multifamily Property In Sunnyside For $950,000

A multifamily property located at 47-47 47th Ave. in Sunnyside has been sold in a closed transaction. The property consists of 6 units with a total square footage of 4,152. The sale price for this transaction was $950,000, resulting in a price per unit of $158,333 and a price per square foot of $228.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $950,000
• Units: 6
• Price Per Unit: $158,333
• Square Footage: 4,152
• Price Per Square Foot: $228
• Address: 47-47 47th Ave.
• Market: Sunnyside

The buyer in this transaction was Peak Capital represented by Alex Rabin and David Gomez. The seller was Jose & Norma Romero. The brokers involved in this deal were Derek Bestreich, Steve Reynolds, Tom Reynolds, and Henry Hill from IPRG.

A note from the buyer mentions that the property was sourced off-market and is within walking distance to Lance Corporal Thomas P. Noonan Park. It is also conveniently located 1 block from the 7 Train off of Queens Blvd. The buyer, Peak Capital, is actively acquiring value-add multi and mixed-use properties in prime neighborhoods of Western Queens, Brooklyn, and Manhattan. For any new acquisition opportunities, interested parties can email Alex Rabin at [email protected].