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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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