David Gomez and Peak Capital Purchase Mixed-Use Property in Queens for $2.3M
The Rocco Iocco Trust sells 6,700 sf mixed-use property in Queens to David Gomez and Peak Capital in an off-market transaction.
David Gomez and Peak Capital have made a strategic acquisition in Queens with the purchase of a 6,700 sf mixed-use property located at 3929 47th Avenue. The property was sold by The Rocco Iocco Trust for $2,345,000 in an all-cash off-market transaction.
The property is located in a prime location in Queens, which has been experiencing a surge in demand for mixed-use properties. The property is situated in a bustling neighborhood with a mix of residential and commercial properties, making it an attractive investment opportunity.
The property is a three-story building with a total of six units, including four residential units and two commercial units. The building is currently fully occupied, generating a steady stream of rental income for the new owners.
David Gomez and Peak Capital are experienced real estate investors with a strong track record of successful acquisitions and management of properties. The acquisition of this property is in line with their strategy of investing in high-growth markets with strong demand for mixed-use properties.
The Rocco Iocco Trust was represented by a team of brokers from a leading commercial real estate brokerage firm. The team worked closely with the seller to ensure a smooth transaction and maximize the value of the property.
Overall, the sale of this property is a testament to the strength of the Queens real estate market and the continued demand for mixed-use properties in the area. With the expertise of David Gomez and Peak Capital, the property is well-positioned for long-term success and growth.