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.
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