PEAK Capital Acquires Mixed-Use Property In Hunters Point For $14.75M

A mixed-use property located at 11-55 45th Ave. in Hunters Point, was recently sold in a transaction. The property spans approximately 45,707 square feet and was acquired by the buyer, PEAK Capital, for a total sale price of $14,750,000. This translates to a price per square foot (PPSF) of $322. The sale took place on July 7, 2022.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $14,750,000
• Address: 11-55 45th Ave.
• Market: Hunters Point
• Buyer: PEAK Capital - Alex Rabin & David Gomez
• Seller: Dean Kartsonis
• Broker: Jonny Yuran - Newmark
• SF: 45,707
• PPSF: $322

PEAK Capital, represented by Alex Rabin and David Gomez, sourced the property off-market. The location offers the advantage of being within walking distance to John F. Murray Park and is conveniently situated just one block away from the Court Square Subway station. PEAK Capital is actively seeking value-add opportunities in multi and mixed-use properties across prime neighborhoods in Western Queens, Brooklyn, and Manhattan. For any new acquisition opportunities, please contact Alex Rabin at [email protected].