Updated Dec 4, 2024
Eliyahu Siouni - The Siouni Organization Acquires 4-Family Brownstone Building In Fort Greene For $2.55M
79 Willoughby Avenue
$2,550,000
$708/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Feb 8, 2024
About this deal
AI
The Siouni Organization, represented by Eliyahu Siouni, has purchased a multifamily property located at 79 Willoughby Avenue in Fort Greene, Brooklyn. The property is a 4-family brownstone building with a total of 4 units. The sale price for this transaction was $2,550,000, resulting in a price per unit (PPU) of $637,500. The building spans approximately 3,600 square feet, leading to a price per square foot (PPSF) of $708. The seller in this transaction was Samuel B. Perkins.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Number of Units: 4
- Price Per Unit: $637,500
- Square Footage: 3,600
- Price Per Square Foot: $708
- Address: 79 Willoughby Avenue, Fort Greene, Brooklyn
Talia Mckinney and Zarina Khaydarova of Serhant represented the buyer in this transaction. The Siouni Organization is known for being an active buyer of multifamily properties in Central Brooklyn and has a reputation for closing deals quickly. Eliyahu Siouni's close relationships with brokers and their ability to capitalize on new opportunities have played a key role in their success in the industry.
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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93