Skip to main content

Multifamily

263 Eastern Parkway

263 Eastern Pkwy, Brooklyn, NY 11238

Listing Price: $9,500,000

Cap Rate
5.30%
Number of Units
62
GRM
8.28
Price/Unit
$153,226
Price/Gross SF
$128.71
Gross SF
73,812

Investment Overview

Marcus and Millichap is pleased to offer 263 Eastern Parkway, a prime multifamily investment opportunity located in the culturally vibrant Crown Heights neighborhood of Brooklyn. This well-maintained asset benefits from its proximity to key transit lines, cultural institutions, and an active rental market. The property features quality construction and has demonstrated stable operational performance, with room for future value appreciation through targeted capital improvements or unit turnover.


Investment Highlights

  • 263 Eastern Parkway is a well-maintained, elevator-serviced multifamily building situated along one of Brooklyn's most iconic boulevards.
  • This promising property spans approximately 73,812 ft across 6 stories, and contains 62 units.
  • Positioned on the historic Eastern Parkway, this property is close to Brooklyn Museum, Prospect Park, and major subway lines (2, 3, 4, 5).

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    Manhattan

  • Daniel Greenblatt

    Licensed Associate Real Estate Broker

    (718) 475-4357

    Email Daniel

    License(s): NY: 10301215921

    Manhattan

Financing By

Multifamily

263 Eastern Parkway

Listing Price: $9,500,000

Cap Rate
5.30%
Number of Units
62
GRM
8.28
Price/Unit
$153,226
Price/Gross SF
$128.71
Gross SF
73,812

Investment Highlights

  • 263 Eastern Parkway is a well-maintained, elevator-serviced multifamily building situated along one of Brooklyn's most iconic boulevards.
  • This promising property spans approximately 73,812 ft across 6 stories, and contains 62 units.
  • Positioned on the historic Eastern Parkway, this property is close to Brooklyn Museum, Prospect Park, and major subway lines (2, 3, 4, 5).

Investment Overview

Marcus and Millichap is pleased to offer 263 Eastern Parkway, a prime multifamily investment opportunity located in the culturally vibrant Crown Heights neighborhood of Brooklyn. This well-maintained asset benefits from its proximity to key transit lines, cultural institutions, and an active rental market. The property features quality construction and has demonstrated stable operational performance, with room for future value appreciation through targeted capital improvements or unit turnover.

Exclusively Listed By

  • Shaun Riney

    Licensed Associate Real Estate Broker

    (718) 475-4369

    Email Shaun

    License(s): NY: 10491208207, NY: 10301215754

    Manhattan

  • Daniel Greenblatt

    Licensed Associate Real Estate Broker

    (718) 475-4357

    Email Daniel

    License(s): NY: 10301215921

    Manhattan

Financing By

MM Texture Background
MM Textured Background Lower