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Eliyahu Siouni And Joseph Aghelian Purchase Brooklyn Multifamily Property For $1.4M

Property Image
SOLD
$1,400,000

New York

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MultiFamily3,521 SF
Sold 03/20/2025
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Property Image
SOLD

Eliyahu Siouni And Joseph Aghelian Purchase Brooklyn Multifamily Property For $1.4M

522 Eastern Parkway

See Similar Deals
MultiFamily3,521 SF
Sold 03/20/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$397
Total Square Footage:3,521 SF
Transaction Type:Sale

The transaction involved a multifamily property located at 522 Eastern Parkway in Brooklyn, which consists of 3 units. The sale was completed for a total of $1,400,000, translating to a price per unit of $466,666. The property has a total square footage of 3,521, resulting in a price per square foot of $397.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Units: 3
  • Price per Unit: $466,666
  • Square Footage: 3,521
  • Price per Square Foot: $397
  • Buyer: Eliyahu Siouni - The Siouni Organization & Joseph Aghelian - Park Slope Associates
  • Seller: Winslow R. Seale JR
  • Broker: Victor Banks - Century 21 Milestone Realty

The deal involved Eliyahu Siouni representing The Siouni Organization and Joseph Aghelian from Park Slope Associates as buyers, while Winslow R. Seale JR was identified as the seller. The transaction was facilitated by Victor Banks, who represented the interests of the seller through Century 21 Milestone Realty.

Players

Victor Banks
1 deal$1.4M volume(917) 742-6713
BROKER

Victor Banks
Century 21
1 deal$1.4M volume(917) 742-6713
BROKER

Eliyahu Siouni
12 deals$15.5M volume
BUYER

BUYER

Details

SOLD
IMAGE: Eliyahu Siouni & Victor Banks DATE: 03/20/2025 ADDRESS: 522 Eastern Parkway MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Eliyahu Siouni (@EliyahuSiouni) - The Siouni Organization & Joseph Aghelian - Park Slope Associates (@Park_Slope_Associates) SELLER: Winslow R. Seale JR BROKER: Victor Banks - Century 21 Milestone Realty SALE PRICE: $1,400,000 UNITS: 3 ~ PPU: $466,666 SF: 3,521 ~ PPSF: $397

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57