Peak Capital Acquires Mixed-Use Property On Manhattan Avenue For $9.6M

PEAK Capital has closed on the off-market purchase of a mixed-use property located at 972 Manhattan Avenue in the Greenpoint market. The property was sold by Nancy Tineo and Victor Tineo. The deal, facilitated by Michal Kuras of William Green RE, resulted in a sale price of $9,600,000. The property spans 22,000 square feet and consists of 31 units, with an average price per unit of $309,677. The price per square foot is $436, making it an attractive investment opportunity.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $9,600,000
• Address: 972 Manhattan Avenue
• Market: Greenpoint

PEAK Capital, represented by Alex Rabin and David Gomez, acted as the buyer in this transaction. This purchase marks their 32nd successful deal. Notably, PEAK Capital closed on 24 properties in 2021 and currently has 14 more properties under contract this year, amounting to a total value of $100,000,000. With their substantial capital sources, PEAK Capital is actively seeking new investment opportunities and can efficiently close on potential deals. For inquiries, contact Alex at [email protected] or Eli at [email protected].