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Eliyahu Siouni And Joseph Aghelian Acquire MultiFamily Property From James Browning For $1.18M
SOLDMultiFamily

Eliyahu Siouni And Joseph Aghelian Acquire MultiFamily Property From James Browning For $1.18M

$1,180,000

$1,260/SF

Building Size

936 SF

Asset Type

MultiFamily

Closing

Jul 16, 2025

AI

The property involved in this transaction is a MultiFamily asset located in Park Slope, Brooklyn. The sale was executed at a price of $1,180,000. The property features a total of 936 square feet with a price per square foot calculated at $1,260. It consists of 1 unit.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,180,000
  • Units: 1
  • Square Footage: 936
  • Price per Square Foot: $1,260
  • Buyer: Eliyahu Siouni - The Siouni Organization & Joseph Aghelian - Park Slope Associates
  • Seller: James Browning
  • Date of Transaction: 7/17/2025

Eliyahu Siouni has maintained close relationships with brokers over the years, contributing significantly to his ability to finalize deals quickly. He is actively searching for additional multi-family properties in the Park Slope and Central Brooklyn areas. Joseph Aghelian also plays a role in the representation of the buyers during this transaction.

Players

Eliyahu Siouni

The Siouni Organization

Buyer

$18.5M

vol

13 deals

Buyer
PA
Park Slope AssociatesBuyer

Market 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

13.44%

Cash-on-Cash

-3.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93