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

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:

• Property Type: Multifamily
• Transaction Amount: $1,960,000
• Units: 6
• Square Footage: 3,750
• Price Per Unit: $326,666
• Price Per Square Foot: $523
• Buyer: Peak Capital - David Gomez & Alex Rabin
• Seller: Marchette Family
• Brokers: Max Belinsky, Dimitri Kapelonis, Constantinos Kapelonis, Austin Roche @BKR_RealEstateGroup

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.