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Harkham Ventures Acquires 101 Unit Multifamily Building From The Eiges Family For $10.8M In Brooklyn

Property Image
SOLD
$10,800,000
Seth Glasser
Daniel Greenblatt
Shaun Riney

New York

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MultiFamily135,714 SF
Sold 05/29/2025
the dealplayerscompscontact
Property Image
SOLD

Harkham Ventures Acquires 101 Unit Multifamily Building From The Eiges Family For $10.8M In Brooklyn

275 Linden Boulevard

See Similar Deals
MultiFamily135,714 SF
Sold 05/29/2025
Seth Glasser
Daniel Greenblatt
Shaun Riney
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$79
Total Square Footage:135,714 SF
Transaction Type:Sale

The multifamily asset located at 275 Linden Boulevard in Brooklyn has been sold for $10,800,000. This property contains 101 units and spans a total of 135,714 square feet, resulting in a price per unit of $106,930 and a price per square foot of $79.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $10,800,000
  • Units: 101
  • Square Footage: 135,714
  • Price Per Unit: $106,930
  • Price Per Square Foot: $79
  • Buyer: Harkham Ventures
  • Seller: The Eiges Family
  • Brokers: Shaun Riney, Daniel Greenblatt & Seth Glasser - Marcus & Millichap

This transaction marks the third building closed for the seller, The Eiges Family, by the brokers involved. The team is actively marketing several other elevator buildings at similar pricing metrics, offering potential opportunities for future transactions.

Players

Seth Glasser
Marcus & Millichap
Seth Glasser
125 deals$1.1B volume
BROKER
Daniel Greenblatt
Marcus & Millichap
Daniel Greenblatt
69 deals$263.4M volume
BROKER
Shaun Riney
Marcus & Millichap
Shaun Riney
356 deals$1.8B volume(718) 475-4369
BROKER
Marcus & Millichap
Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Seth Glasser, Shaun Riney & Daniel Greenblatt DATE: 5/30/2025 ADDRESS: 275 Linden Boulevard MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Harkham Ventures SELLER: The Eiges Family BROKERS: Shaun Riney (@ShaunRiney1), Daniel Greenblatt (@Dealblatt) & Seth Glasser - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $10,800,000 UNITS: 101 ~ PPU: $106,930 SF: 135,714 ~ PPSF: $79 NOTE FROM BROKER: This is the third building we have closed for this seller recently, and we currently have several other elevator buildings that we are actively marketing at similar pricing metrics.  Please contact a member of the deal team for an offering memorandum.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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