Updated Oct 22, 2025
Eliyahu Siouni Acquires Bushwick Multifamily For $1.1M From Seller U.S Bank National Association
722 Chauncey Street
$1,100,000
$587/SF
Building Size
1,872 SF
Asset Type
MultiFamily
Closing
Oct 31, 2022
About this deal
AI
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.
On the Map
$1,100,000
$587/SF
MultiFamily
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93