Updated Feb 21, 2025
PEAK Capital Acquires Multifamily Property In Greenpoint From Augustina Kosarek
586 Manhattan Avenue, Brooklyn, New York 11222, United States
$2,450,000
$628/SF
Building Size
3,900 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
About this deal
AI
A multifamily property located at 586 Manhattan Ave in Greenpoint has been sold in a closed transaction. The property consists of 6 units with a total square footage of 3,900. The sale price for this transaction was $2,450,000, resulting in a per unit price of $408,333. The price per square foot was calculated to be $628.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,450,000
- Address: 586 Manhattan Ave
- Market: Greenpoint
- Buyer: PEAK Capital - Alex Rabin & David Gomez
- Seller: Augustina Kosarek
- Broker: Signature Premier Properties
- Units: 6
- Square Footage: 3,900
PEAK Capital, represented by Alex Rabin and David Gomez, purchased this property off-market from long-term ownership. At the time of closing, all 6 units were vacant. PEAK Capital is known for being an active buyer with new capital sources, capable of closing on new opportunities quickly and efficiently. For future offerings, interested parties can reach out to [email protected] and [email protected].
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93