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Peak Capital Acquires Multifamily Property In Hunters Point, Long Island City For $1.96M

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Max BelinskyDavid GomezConstantinos KapelonisAustin RocheAlex Rabin

$1,960,000

SOLD
$1,960,000
David Gomez
Constantinos Kapelonis
+ 2

New York

See Similar Deals
MultiFamily3,750 SF
Sold 06/17/2020
the dealplayerscompscontact
Traded Logo
Max BelinskyDavid GomezConstantinos KapelonisAustin RocheAlex Rabin

$1,960,000

SOLD

Peak Capital Acquires Multifamily Property In Hunters Point, Long Island City For $1.96M

535 47th Road, Hunters Point, NY, USA

See Similar Deals
MultiFamily3,750 SF
Sold 06/17/2020
David Gomez
Constantinos Kapelonis
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$522
Total Square Footage:3,750 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 535 47th Road in the Hunters Point market of Long Island City. The sale was finalized at a price of $1,960,000, encompassing 6 units within a total square footage of 3,750. The price per unit (PPU) is recorded at $326,666, while the price per square foot (PPSF) stands at $523.

Summary of transaction details:

This transaction was facilitated through the efforts of brokers Max Belinsky, Dimitri Kapelonis, Constantinos Kapelonis, and Austin Roche, representing the parties involved in the deal. The buyers, David Gomez and Alex Rabin, are associated with Peak Capital, marking their participation in this real estate transaction with the seller, the Marchette Family.

Players

Austin Roche
10 deals$21.6M volume
BROKER

Max Belinsky
BKR Real Estate Group
10 deals$19.7M volume
BROKER

Constantinos Kapelonis
BKR Real Estate Group
9 deals$17.9M volume
BROKER

David Gomez
71 deals$402.3M volume
BUYER

Alex Rabin
61 deals$407.9M volume
BUYER

Details

SOLD
IMAGE: Alex Rabin, David Gomez, Max Belinsky, Dimitri Kapelonis, Constantinos Kapelonis & Austin Roche DATE: 06/17/2021 ADDRESS: 535 47th Road MARKET: Hunters Point, Long Island City ASSET TYPE: Multifamily BUYER: Peak Capital (@PeakCapitalRE) - David Gomez (@DavidGomeznyc) & Alex Rabin (@AlexRabin15) SELLER: Marchette Family BROKERS: Max Belinsky (@MaxBelinsky), Dimitri Kapelonis (@DimitriKapelonis), Constantinos Kapelonis (@ConstantinosKapelonis), Austin Roche (@Austin_Roche) @BKR_RealEstateGroup SALE PRICE: $1,960,000 UNITS: 6 ~ PPU: $326,666 SF: 3,750 ~ PPSF: $523

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,963.48
Cash-on-Cash Return-1.27%
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