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Joseph Aghelian Purchases Multifamily Property From Cathy Yau In Brooklyn For $3 Million

Property Image
SOLD
$3,000,000
Michael (Mike) Salvatico
Shaun Riney
Vincent Tomaselli

New York

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MultiFamily3,560 SF
Sold 05/27/2026
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Property Image
SOLD

Joseph Aghelian Purchases Multifamily Property From Cathy Yau In Brooklyn For $3 Million

294 South 5th Street

See Similar Deals
MultiFamily3,560 SF
Sold 05/27/2026
Michael (Mike) Salvatico
Shaun Riney
Vincent Tomaselli
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$842
Total Square Footage:3,560 SF
Transaction Type:Sale

The property involved in the transaction is a multifamily asset located at 294 South 5th Street in Brooklyn. The sale price of the property was $3,000,000, with a total square footage of 3,560, resulting in a price per square foot of $842. The property was sold vacant.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Square Footage: 3,560
  • Price per Square Foot: $842
  • Address: 294 South 5th Street
  • Market: Brooklyn
  • Buyer: Joseph Aghelian
  • Seller: Cathy Yau
  • Brokers: Shaun Riney, Michael (Mike) Salvatico & Vincent Tomaselli - Marcus & Millichap

This transaction involved key individuals including Joseph Aghelian as the buyer and Cathy Yau as the seller. The brokers representing the transaction were Shaun Riney, Michael (Mike) Salvatico, and Vincent Tomaselli from Marcus & Millichap. Special thanks are noted to Guy Arad of Romer Debbas LLP for his assistance as seller counsel.

Players

Michael (Mike) Salvatico
Marcus & Millichap
Michael Salvatico
173 deals$787M volume(718) 475-4358
BROKER
Shaun Riney
Marcus & Millichap
Shaun Riney
356 deals$1.8B volume(718) 475-4369
BROKER
Vincent Tomaselli
Marcus & Millichap
Vincent Tomaselli
6 deals$14.4M volume(718) 475-4300
BROKER

Details

SOLD
IMAGE: Michael Salvatico, Shaun Riney & Vincent Tomaselli DATE: 5/27/2026 ADDRESS: 294 South 5th Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Joseph Aghelian SELLER: Cathy Yau BROKERS: Shaun Riney (@ShaunRiney1), Michael (Mike) Salvatico (@MikeSalvatico) & Vincent Tomaselli - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,000,000 SF: 3,560 ~ PPSF: $842 NROKER'S NOTE: Property Sold Vacant. Make contact with Mike or Shaun for similar deals. Special thanks to Guy Arad of Romer Debbas LLP for his help as seller counsel.

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