Siouni Organization Acquires Multifamily Property In Clinton Hill For $1.7M

The Siouni Organization, represented by Eliyahu Siouni, has purchased a multifamily property located at 445 Classon Ave in Clinton Hill. The property is a four-family brick building, spanning a total of 2,055 square feet. The sale was facilitated by brokers Julie Cohen and Nick Ferrone from Compass. The transaction closed at a price of $1,700,000, resulting in a per unit price of $425,000. The price per square foot for the property was $827.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,700,000
• Address: 445 Classon Ave, Clinton Hill
• Market: Clinton Hill
• Buyer: The Siouni Organization - Eliyahu Siouni
• Seller: Elizabeth Gilbride & Sangho Byun
• Brokers: Julie Cohen & Nick Ferrone - Compass
• Units: 4
• Price Per Unit: $425,000
• Square Footage: 2,055
• Price Per Square Foot: $827

Eliyahu Siouni of The Siouni Organization expressed their excitement about the acquisition, highlighting their success in closing deals quickly and their strong relationships with brokers. The Siouni Organization is actively searching for new multi-family property opportunities in central Brooklyn.