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
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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93