Press Releases
Marcus & Millichap Arranges Sale of Historic 101-Unit Building in Brooklyn for $10.8 Million
June 06, 2025
NEW YORK, June 6, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 275 Linden Boulevard, a 101-unit residential building in Brooklyn, New York, for $10.8 million. The transaction marks the first time the property has changed hands in more than 60 years.
Shaun Riney and Daniel Greenblatt, investment specialists in Marcus & Millichap’s Manhattan office, exclusively marketed the property and represented the seller. Seth Glasser, also with Marcus & Millichap, procured the buyer.
“The buyer is a private family office out of California with a long-term investment horizon and a history of making contrarian bets in real estate sectors that may be out of favor in the moment but represent a very attractive basis play,” said Riney and Greenblatt. “The seller divested after more than 60 years of meticulous stewardship.”
Built in 1930, the six-story, 135,714-square-foot property spans three wings and includes three elevators. The building sits on a 38,570-square-foot lot with 150 feet of frontage on Linden Boulevard in the Prospect-Lefferts Gardens neighborhood of Brooklyn. It is four blocks from Prospect Park and three blocks from SUNY Downstate Medical Center, near the Church Avenue and Winthrop Street subway stations serving the 2 and 5 lines.
Shaun Riney and Daniel Greenblatt, investment specialists in Marcus & Millichap’s Manhattan office, exclusively marketed the property and represented the seller. Seth Glasser, also with Marcus & Millichap, procured the buyer.
“The buyer is a private family office out of California with a long-term investment horizon and a history of making contrarian bets in real estate sectors that may be out of favor in the moment but represent a very attractive basis play,” said Riney and Greenblatt. “The seller divested after more than 60 years of meticulous stewardship.”
Built in 1930, the six-story, 135,714-square-foot property spans three wings and includes three elevators. The building sits on a 38,570-square-foot lot with 150 feet of frontage on Linden Boulevard in the Prospect-Lefferts Gardens neighborhood of Brooklyn. It is four blocks from Prospect Park and three blocks from SUNY Downstate Medical Center, near the Church Avenue and Winthrop Street subway stations serving the 2 and 5 lines.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
