Updated Dec 4, 2024
Eliyahu Siouni Acquires Multifamily In Bedford-Stuyvesant For $1.5M
109 Decatur Street
$1,500,000
$416/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Apr 10, 2024
About this deal
AI
The multifamily property located at 109 Decatur Street in Bedford-Stuyvesant was sold for $1,500,000. The transaction involved a total of 3 units, equating to a price per unit of $500,000. The property spans 3,600 square feet, resulting in a price per square foot of $417.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 109 Decatur Street
- Market: Bedford-Stuyvesant
- Buyer: Eliyahu Siouni - The Siouni Organization
- Seller: Crossriver America
- Brokers: Sofya Prezhemeslyaner & Luca Paci - Luca Paci Real Estate
The transaction was facilitated by Luca Paci Real Estate, with Sofya Prezhemeslyaner and Luca Paci representing the buyer and seller respectively. Eliyahu Siouni, from The Siouni Organization, acquired the property from Crossriver America in this deal.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Luca Paci to view all their deals.
Browse Brooklyn multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93