Eliyahu Siouni And Joseph Aghelian Purchase Brooklyn Multifamily Property For $1.4M
522 Eastern Parkway
$1,400,000
$397/SF
Building Size
3,521 SF
Asset Type
MultiFamily
Closing
Mar 19, 2025
AI
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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93