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522 Eastern Parkway

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

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

Victor Banks

Century 21

Broker

$1.4M

vol

1 deal

Broker
Eliyahu Siouni

Eliyahu Siouni

The Siouni Organization

Buyer

$18.5M

vol

13 deals

Buyer
PA
Park Slope AssociatesBuyer

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