Eliyahu Siouni And Joseph Aghelian Acquire Multifamily Property In Park Slope For $1.68M
$1,680,000
$1,120/SF
Building Size
1,500 SF
Asset Type
MultiFamily
Closing
Jun 25, 2025
AI
The property involved in this transaction is a multifamily asset located in Park Slope, Brooklyn. The sale price for the property was $1,680,000. It consists of one unit and has a total square footage of 1,500, resulting in a price per unit of $1,680,000 and a price per square foot of $1,120.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,680,000
- Buyer: Eliyahu Siouni - The Siouni Organization & Joseph Aghelian - Park Slope Associates
- Seller: Michael Joseph Ellard
- Units: 1
- Square Footage: 1,500
- Price Per Unit: $1,680,000
- Price Per Square Foot: $1,120
- Date of Transaction: 6/26/2025
- Market: Park Slope, Brooklyn
Eliyahu Siouni represents The Siouni Organization in this deal while Joseph Aghelian represents Park Slope Associates. The seller, Michael Joseph Ellard, completed the transaction on 6/26/2025, marking a significant deal in the Park Slope market.
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
9.44%
Cash-on-Cash
-2.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93