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263 Eastern Parkway

Harkham Ventures Acquires 263 Eastern Parkway Multifamily In Brooklyn From The Eiges Family For $8.9M
SOLDMultiFamily

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

Seth Glasser

Marcus & Millichap

Broker

$1.1B

vol

127 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

360 deals

Broker

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