Eliyahu Siouni Acquires Bushwick Multifamily For $1.1M From Seller U.S Bank National Association
SOLD
$1,100,000
New York
See Similar DealsMultiFamily1,872 SF
Sold 10/31/2022
SOLD
Eliyahu Siouni Acquires Bushwick Multifamily For $1.1M From Seller U.S Bank National Association
722 Chauncey Street
See Similar DealsMultiFamily1,872 SF
Sold 10/31/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$587
Total Square Footage:1,872 SF
Transaction Type:Sale
Eliyahu Siouni of The Siouni Organization purchased a multifamily property located at 722 Chauncey Street in Bushwick for $1,100,000. The property consists of three units with a total square footage of 2,808. The price per unit is approximately $366,667, and the price per square foot is approximately $392.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 722 Chauncey Street
- Market: Bushwick
- Buyer: Eliyahu Siouni - The Siouni Organization
- Seller: U.S Bank National Association
- Broker: Ken MacBride - Fillmore Real Estate
Eliyahu Siouni is an active buyer of multifamily properties in Central Brooklyn and is always on the lookout for new opportunities.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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