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Eliyahu Siouni And Joseph Aghelian Acquire Multifamily Property In Crown Heights For $1.41M

Property Image
SOLD
$1,410,000

New York

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MultiFamily2,288 SF
Sold 10/15/2025
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Property Image
SOLD

Eliyahu Siouni And Joseph Aghelian Acquire Multifamily Property In Crown Heights For $1.41M

MultiFamily2,288 SF
Sold 10/15/2025
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$616
Total Square Footage:2,288 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located in Crown Heights, Brooklyn. The sale price for the property was $1,410,000, which encompasses 2 residential units. The total square footage of the property is 2,288, resulting in a price per unit of $705,000 and a price per square foot of $616.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,410,000
  • Units: 2
  • Price Per Unit: $705,000
  • Square Footage: 2,288
  • Price Per Square Foot: $616
  • Buyer: Eliyahu Siouni - The Siouni Organization & Joseph Aghelian - Park Slope Associates
  • Seller: Eric A Holder
  • Date of Transaction: 10/15/2025

Eliyahu Siouni, along with Joseph Aghelian, played significant roles as buyers in this transaction. Siouni's established connections with brokers and swift deal closures have been instrumental to their success. He is consistently on the lookout for multifamily properties within Crown Heights and Central Brooklyn, particularly interested in opportunities that include 1-5 unit buildings and mixed-use properties in free market conditions.

Players

12 deals$15.5M volume
BUYER

BUYER

Details

SOLD
IMAGE: Eliyahu Siouni DATE: 10/15/2025 MARKET: Crown Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Eliyahu Siouni (@EliyahuSiouni) - The Siouni Organization & Joseph Aghelian - Park Slope Associates (@Park_Slope_Associates) SELLER: Eric A Holder SALE PRICE: $1,410,000 UNITS: 2 ~ PPU: $705,000 SF: 2,288 ~ PPSF: $616 NOTE FROM BUYER: Eliyahu Siouni and his close relationships with brokers over the years and ability to close deals fast has been a key instrument to their success over the years. Siouni is actively pursuing any multi-family properties in Crown Heights and Central Brooklyn. He is always looking for new opportunities including 1-5 units and mix-used buildings free market.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,009.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,684.12
Annual Debt Service$80,209.43