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722 Chauncey Street

Eliyahu Siouni Acquires Bushwick Multifamily For $1.1M From Seller U.S Bank National Association
SOLDMultiFamily

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

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.

Players

Ken MacBride

Broker

$1.1M

vol

1 deal

Broker
US Bank
US BankLender

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93