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
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