PEAK Capital Acquires Mixed-Use Property In Gramercy Park For $24.3M
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This Mixed-use property located in NY was sold for $24,300,000 almost 2 years ago. The brokers of the deal were David Schechtman, Rael Gervis, Brian Gladstone, and Abie Kassin
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- Location229-233 East 21st Street, New York City, New York 10010, United States
- Sale Price$24,300,000$668 PPSF
- Area36,344 SF
- Asset TypeMixed-use
- Parties4 Brokers, 1 Agency
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Deal Summary
SALE
IMAGE: David Schectman, Brian Gladstone, Alex Rabin, Simon Rosenfeld, David Gomez & Rael Gervis
DATE: 05/03/2022
ADDRESS: 229-233 E. 21st St.
MARKET: Gramercy Park
ASSET TYPE: Mixed-use
BUYER: PEAK Capital (@PEAKCapitalRE) - Alex Rabin (@AlexBRabin) & David Gomez (@DavidGomezNYC)
SELLER: Gennaro Vendome
BROKERS: Brian Gladstone, David Schectman & Abie Kassin - Meridian Capital Group (@Meridian.Capital.Group)
MORTGAGE BROKERS: Simon Rosenfeld (@SimonRosenfeldNYC) & Rael Gervis - Meridian Capital Group (@Meridian.Capital.Group)
SALE PRICE: $24,300,000
SF: 36,344 ~ PPSF: $668
Notes from @peakcapitalre: This purchase marks PEAK’s 37th acquisition.
-Two adjacent buildings with 92' of frontage on 21st Street between 2nd & 3rd Avenues.
-Prime Gramercy location
-$675 PSF basis
-Heavily Free Market
-Strong upside marking rents to market through value add strategy
Peak is actively searching for 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]
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229-233 East 21st Street
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