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

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SOLD
$8,900,000

New York

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MultiFamily73,812 SF
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Harkham Ventures Acquires 263 Eastern Parkway Multifamily In Brooklyn From The Eiges Family For $8.9M

263 Eastern Parkway

See Similar Deals
MultiFamily73,812 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$120
Total Square Footage:73812 SF
Transaction Type:Sale

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
118 deals$1.1B volume
BROKER

Daniel Greenblatt
Marcus & Millichap
66 deals$255M volume
BROKER

Shaun Riney
Marcus & Millichap
341 deals$1.7B volume(718) 475-4369
BROKER

Details

SOLD
IMAGE: Shaun Riney, Daniel Greenblatt & Seth Glasser DATE: 9/12/2025 ADDRESS: 263 Eastern Parkway MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Harkham Ventures SELLER: The Eiges Family BROKERS: Shaun Riney (@ShaunRiney1), Seth Glasser (@SethGlasser1) & Daniel Greenblatt (@Dealblatt) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $8,900,000 UNITS: 62 ~ PPU: $143,548 SF: 73,812 ~ PPSF: $120

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$474,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,619.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,190.54
Annual Debt Service$506,286.49