Harkham Ventures Acquires 101 Unit Multifamily Building From The Eiges Family For $10.8M In Brooklyn
275 Linden Boulevard
$10,800,000
$79/SF
Building Size
135,714 SF
Asset Type
MultiFamily
Closing
May 29, 2025
AI
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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93