Eliyahu Siouni And Joseph Aghelian Acquire Bushwick Multifamily Property From Delroy Williamson For $1.13M
$1,130,000
$418/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Aug 17, 2025
AI
The transaction involves a multi-family asset located in Bushwick, Brooklyn, selling for a total price of $1,130,000. The property consists of 3 units, covering a total square footage of 2,700 and achieving a per unit price of $376,666 and a price per square foot of $418.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,130,000
- Units: 3
- PPU: $376,666
- SF: 2,700
- PPSF: $418
- Buyer: Eliyahu Siouni - The Siouni Organization & Joseph Aghelian - Park Slope Associates
- Seller: Delroy Williamson
- Date: 8/18/2025
- Market: Bushwick, Brooklyn
Eliyahu Siouni and Joseph Aghelian played significant roles in the acquisition, leveraging Siouni's established relationships with brokers and his proficiency in closing deals swiftly. Siouni remains proactive in seeking out multi-family properties in Bushwick and Central Brooklyn, highlighting his commitment to finding new investment opportunities.
Players
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
14.04%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93