Eliyahu Siouni And Joseph Aghelian Acquire Multifamily Property From Beverly Smith-Lashley For $1.76M
$1,760,000
$606/SF
Building Size
2,900 SF
Asset Type
MultiFamily
Closing
Sep 15, 2025
AI
The transaction involved a multifamily asset located in Prospect Lefferts Gardens, Brooklyn. The sale price reached $1,760,000 for a building comprising 2,900 square feet, resulting in a price per square foot of $606.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,760,000
- Square Footage: 2,900
- Price Per Square Foot: $606
- Buyer: Eliyahu Siouni - The Siouni Organization & Joseph Aghelian - Park Slope Associates
- Seller: Beverly Smith-Lashley
- Date of Transaction: 9/16/2025
Eliyahu Siouni has cultivated strong relationships with brokers, enabling him to close deals swiftly, a factor that has contributed significantly to his success in the industry. He is actively seeking multifamily properties in the Prospect Lefferts Gardens and Central Brooklyn areas, always on the lookout for new 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
9.01%
Cash-on-Cash
-2.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93