Updated May 12, 2025
Peak Capital Acquires Multifamily Property In Greenpoint For $2.7M
515 Graham Avenue
$2,700,000
$654/SF
Building Size
4,125 SF
Asset Type
MultiFamily
Closing
Aug 1, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 515 Graham Ave. in the Greenpoint market. The sale price was $2,700,000, with a total square footage of 4,125 and a price per square foot of $654. The buyer acquired the asset fully vacant and sourced it off-market, benefiting from its proximity to McCarren Park.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Buyer: PEAK Capital - Alex Rabin & David Gomez
- Seller: Eric Lewin
- Broker: Jason Larusso - Brick & Mortar
PEAK Capital is actively seeking value-add multifamily and mixed-use properties in prime neighborhoods across Western Queens, Brooklyn, and Manhattan. For new acquisition opportunities, interested parties can reach out to Alex Rabin via email at [email protected].
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93