Harkham Ventures Acquires 263 Eastern Parkway Multifamily In Brooklyn From The Eiges Family For $8.9M
263 Eastern Parkway
$8,900,000
$120/SF
Building Size
73,812 SF
Asset Type
MultiFamily
Closing
Sep 11, 2025
AI
This multifamily asset is located at 263 Eastern Parkway in Brooklyn and encompasses a total of 73,812 square feet. The property consists of 62 units and was sold for $8,900,000, resulting in a price per unit of $143,548 and a price per square foot of $120.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,900,000
- Units: 62
- Square Footage: 73,812
- Price Per Unit: $143,548
- Price Per Square Foot: $120
- Buyer: Harkham Ventures
- Seller: The Eiges Family
- Brokers: Shaun Riney, Seth Glasser & Daniel Greenblatt - Marcus & Millichap
The transaction involved key representatives including Shaun Riney, Seth Glasser, and Daniel Greenblatt, all associated with Marcus & Millichap, who facilitated the deal between Harkham Ventures, the buyer, and The Eiges Family, the seller.
Players
Brooklyn 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
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93