SOLD
Peak Capital And HudsonPoint Group Acquire Multifamily Property In NYC For $9.65M
112 4th Avenue
MultiFamily
14,000 SF
14,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
14,000 sqft
The recently closed property transaction involves a multifamily asset located at 112 4th Avenue in New York City. The property spans 14,000 square feet and was sold for a price of $9,650,000, resulting in a price per square foot of $689. The asset consists of 9 units, with a price per unit of $1,072,222.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $9,650,000
- Address: 112 4th Avenue
- Market: New York City
- Units: 9
- Square Footage: 14,000
The buyer in this transaction is Peak Capital represented by Alex Rabin and David Gomez, along with HudsonPoint Group represented by Jason Schottenfeld and Matthew Pazzaglini. The seller of the property is the Estate of Robert Osonitsch. The brokers involved in this deal are Ronald Cohen and Jay Bernstein from Besen Partners.
It is noteworthy that the property is situated on a prime block next to Union Square and within walking distance of Union Square and all subways. Additionally, the building was delivered entirely vacant, providing potential for value-add opportunities. For any new acquisition opportunities, interested parties can contact Alex Rabin at [email protected].
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Alex Rabin, Jason Schottenfeld, David Gomez, Matthew Pazzaglini, Jay Bernstein & Ronald Cohen
DATE: 03/16/2023
ADDRESS: 112 4th Avenue
MARKET: New York City
ASSET TYPE: Multifamily
BUYER: Peak Capital (@PeakCapitalRE) - Alex Rabin (@AlexBRabin), David Gomez (@DavidGomezNYC) & HudsonPoint Group (@HudsonPoint) - Jason Schottenfeld (@JSchottenfeld) & Matthew Pazzaglini (@MattPazzaglini)
SELLER: Estate of Robert Osonitsch
BROKERS: Ronald Cohen (@NYC_Building_Showcase) & Jay Bernstein (@JayBern__) - Besen Partners (@BesenPartners)
SALE PRICE: $9,650,000
UNITS: 9 ~ PPU: $1,072,222
SF: 14,000 ~ PPSF: $689
NOTE FROM BUYER:
- Prime block next to Union Square
- Walking Distance to Union Square and all subways
- Building was delivered entirely vacant
Peak is actively acquiring value-add multi & mixed-use properties in prime neighborhoods of Western Queens, Brooklyn & Manhattan. Please email Alex Rabin for any new acquisition opportunities at [email protected]View on map
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Address112 4th Avenue
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