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

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

$1,410,000

$616/SF

Building Size

2,288 SF

Asset Type

MultiFamily

Closing

Oct 15, 2025

AI

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

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

11.25%

Cash-on-Cash

-3.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93