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Park Slope, Brooklyn

Eliyahu Siouni And Joseph Aghelian Acquire Multifamily Property In Park Slope For $1.68M
SOLDMultiFamily

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

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

9.44%

Cash-on-Cash

-2.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93