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

The multifamily property located at 535 47th Road in Hunters Point, Long Island City, was recently sold in a transaction that closed on 06/17/2021. The property consists of 6 units, with a total square footage of 3,750. The sale price for the property was $1,960,000, resulting in a price per unit of $326,666 and a price per square foot of $523.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,960,000
• Units: 6
• Price per Unit: $326,666
• Square Footage: 3,750
• Price per Square Foot: $523
• Address: 535 47th Road, Hunters Point, Long Island City
• Market: Hunters Point, Long Island City
• Buyer: Peak Capital - David Gomez & Alex Rabin
• Seller: Marchette Family
• Brokers: Max Belinsky, Dimitri Kapelonis, Constantinos Kapelonis, Austin Roche

Peak Capital, represented by David Gomez and Alex Rabin, acquired the property from the Marchette Family. The transaction was facilitated by the brokerage team at BKR Real Estate Group, comprising Max Belinsky, Dimitri Kapelonis, Constantinos Kapelonis, and Austin Roche.