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Eliyahu Siouni Of The Siouni Organization & Park Slope Associates Acquires Multifamily In Brooklyn For $2.6M
SOLDMultiFamily

Eliyahu Siouni Of The Siouni Organization & Park Slope Associates Acquires Multifamily In Brooklyn For $2.6M

$2,600,000

$1,238/SF

Building Size

2,100 SF

Asset Type

MultiFamily

Closing

Aug 6, 2026

AI

This transaction involves a MultiFamily asset located in Greenpoint, Brooklyn with a sale price of $2,600,000. The property consists of 4 units, encompassing a total square footage of 2,100, which results in a price per unit of $650,000 and a price per square foot of $1,238.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,600,000
  • Units: 4
  • Square Footage: 2,100
  • Price Per Unit: $650,000
  • Price Per Square Foot: $1,238
  • Buyer: Eliyahu Siouni - The Siouni Organization & Park Slope Associates
  • Seller: Joseph P. Blazewicz

Eliyahu Siouni's established connections with brokers and quick deal closures have significantly contributed to his success in the market. He actively seeks multifamily properties within Greenpoint and North Brooklyn, focusing on options including 1-5 unit buildings and mixed-use properties in free market conditions.

Players

Eliyahu Siouni

Park Slope Associates

Buyer

$21.1M

vol

14 deals

Buyer

Joseph P. Blazewicz

Seller

$2.6M

vol

1 deal

Seller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93