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48-33 47th St, Queens, NY 1...

Updated Feb 21, 2025

David Gomez Of Peak Capital Advisors Acquires Sunnyside Multifamily From Julio Reyes For $1.55M
SOLDMultiFamily

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

Lev Mavashev

Alpha Realty

Broker

$751.3M

vol

107 deals

Broker
David Gomez

David Gomez

Peak Capital Advisors

Buyer

$402.3M

vol

71 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $391 per square foot on a published $1.6M for 3,960 square feet (2019).

Visit Yehuda Leser to view all their deals.

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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

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