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Rosewood Realty brokered the $9-million sale of 251-253 North 8th Street in Brooklyn's Williamsburg neighborhood

Peak Capital Acquires Pair of Williamsburg Multifamily Properties

Rosewood Realty Group brokered the $9-million sale of two contiguous multifamily buildings in Williamsburg, Brooklyn in an off-market deal at a cap rate of 3.85%. The firm’s Mike Korwin and Shaun Rose represented the buyer, Peak Capital Advisors. Sarah Sawyer of the Sarah Sawyer Team at Compass represented the seller, a family office. 

The buildings, located at 251-253 N. 8th St., are four-story walk-up properties with 16 total apartments. Built in 1900, they have have a combined 2,000 square feet of air rights. 

 “The buildings are in a prime North Williamsburg location only a block from the L train,” said Kerwin. “The purchaser’s plan is to immediately rehab the properties.” 

A New York City-based investment firm, Peak Capital was founded in 2017 by Alex Rabin and David Gomez. The company focuses on value-add multifamily buildings and currently owns 49 properties locally. 

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Inside The Story

Peak CapitalRosewood's Kerwin

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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