Peak Capital Acquires Multifamily Property In Sunnyside For $950,000
47-47 47th Avenue
4,152 SF
Summary
A multifamily property located at 47-47 47th Ave. in Sunnyside has been sold in a closed transaction. The property consists of 6 units with a total square footage of 4,152. The sale price for this transaction was $950,000, resulting in a price per unit of $158,333 and a price per square foot of $228.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $950,000
- Units: 6
- Price Per Unit: $158,333
- Square Footage: 4,152
- Price Per Square Foot: $228
- Address: 47-47 47th Ave.
- Market: Sunnyside
The buyer in this transaction was Peak Capital represented by Alex Rabin and David Gomez. The seller was Jose & Norma Romero. The brokers involved in this deal were Derek Bestreich, Steve Reynolds, Tom Reynolds, and Henry Hill from IPRG.
A note from the buyer mentions that the property was sourced off-market and is within walking distance to Lance Corporal Thomas P. Noonan Park. It is also conveniently located 1 block from the 7 Train off of Queens Blvd. The buyer, Peak Capital, is actively acquiring value-add multi and mixed-use properties in prime neighborhoods of Western Queens, Brooklyn, and Manhattan. For any new acquisition opportunities, interested parties can email Alex Rabin at [email protected].
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