PEAK Capital Acquires Multifamily Property In Sunnyside For $1.05M

A multifamily property located at 50-11 45th Street in Sunnyside has been sold. The property is classified as tax class 2A. The transaction took place on June 15, 2021. The property spans 4,914 square feet and has a price per square foot of $213. It consists of 6 units, with a price per unit of $175,000. The sale price for the property was $1,050,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,050,000
• Market: Sunnyside
• Asset Type: Multifamily
• Tax Class: 2A
• Buyer: PEAK Capital - Alex Rabin & David Gomez
• Seller: Franz Rutchmann
• Brokers: Ben Normatov & Lev Mavashev - Alpha Realty NY
• Square Footage: 4,914
• Price Per Square Foot: $213
• Units: 6
• Price Per Unit: $175,000

The deal was facilitated by Ben Normatov and Lev Mavashev from Alpha Realty NY, serving as the brokers in the transaction. In addition, Alex Rabin and David Gomez represented the buyer, PEAK Capital. The seller, Franz Rutchmann, successfully closed the sale of the property.