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79 Willoughby Avenue

Updated Dec 4, 2024

Eliyahu Siouni - The Siouni Organization Acquires 4-Family Brownstone Building In Fort Greene For $2.55M
SOLDMultiFamily

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

Talia Mckinney

Serhant

Broker

$6.4M

vol

2 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $708 per square foot on a published $2.6M for 3,600 square feet (2024).

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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

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