Peak Capital And HudsonPoint Group Acquire Williamsburg MultiFamily For $3.17M

Located at 520 Union Avenue in Williamsburg, this multi-family property was recently sold in a closed transaction. The property spans a total of 5,300 square feet and comprises 6 units. The sale price for this asset was $3,175,000, resulting in a per-unit price of $529,167. The price per square foot for this property is $599, reflecting the high value of the asset in the Williamsburg market.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $3,175,000
• Address: 520 Union Avenue
• Market: Williamsburg

In this transaction, the buyer was Peak Capital represented by Alex Rabin and David Gomez, along with HudsonPoint Group represented by Jason Schottenfeld and Daniel Levitin. The seller was Francis Farino. The buyer specifically mentioned that the property was sourced off-market and highlighted its prime location in Williamsburg. The property is conveniently located within walking distance of the L Train and McCarren Park.

Peak Capital, a company actively acquiring value-add multi and mixed-use properties, focuses on prime neighborhoods in Western Queens, Brooklyn, and Manhattan. For any new acquisition opportunities, interested parties can email Alex Rabin at [email protected].