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275 Linden Boulevard

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

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

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
Marcus & Millichap
Marcus & MillichapBrokerage

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