Updated Feb 21, 2025
David Gomez Of Peak Capital Advisors Acquires Sunnyside Multifamily From Julio Reyes For $1.55M
48-33 47th St, Queens, NY 11377, USA
$1,550,000
$391/SF
Building Size
3,960 SF
Asset Type
MultiFamily
Closing
Oct 23, 2019
About this deal
AI
Located in the Sunnyside neighborhood, the multifamily property at 48-33 47th Street has been sold in a closed transaction. The property spans 3,960 square feet, with a price per square foot (PPFS) of $391. It consists of six units, with a price per unit (PPU) of $258,333. The seller, Julio Reyes, sold the property to the buyer, David Gomez of Peak Capital Advisors, for a sale price of $1,550,000. The deal was facilitated by brokers Lev Mavashev, Yehuda Leser, and Jake Brodie from ALPHA REALTY. The property was initially listed for $1,875,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 48-33 47th Street, Sunnyside
- Market: Sunnyside
- SF: 3,960
- PPFS: $391
- Units: 6
- PPU: $258,333
The buyer, David Gomez, represented by Peak Capital Advisors, successfully acquired the property from seller Julio Reyes. The transaction was made possible by brokers Lev Mavashev, Yehuda Leser, and Jake Brodie from ALPHA REALTY. These individuals played a crucial role in facilitating the deal, ensuring the smooth transfer of ownership for the multifamily property located at 48-33 47th Street in Sunnyside.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93