PEAK Capital Acquires Multifamily Property In Park Slope, Brooklyn For $3.9M

The recently closed transaction in Park Slope, Brooklyn involved a multifamily property located at 507 8th Avenue. The property, consisting of 5,952 square feet, was sold for a price of $3,875,000, resulting in a price per square foot of $651. The asset type is categorized as Multifamily, and the zoning designation is R7B.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,875,000
• Address: 507 8th Avenue
• Market: Park Slope, Brooklyn
• Asset Type: Multifamily
• Zoning: R7B

The buyer of the property was PEAK Capital, represented by Alex Rabin and David Gomez. On the other hand, the seller was Nicholas Zeniou. The transaction was facilitated by brokers Nir Mor and Fouad Rahme.

Notable about this deal is that it was an off-market purchase from long-term ownership. Additionally, the property consists of 5 out of 5 free market units. PEAK Capital, with its new capital sources, has proven its ability to swiftly and effectively close on new investment opportunities. They encourage interested parties to send offerings promptly to [email protected].