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2413 Atlantic Avenue

Barbara Noble Sells Development Site At 2413 Atlantic Avenue Brooklyn For $3.8M With Broker Matthew Peters
SOLDDevelopment Site

Barbara Noble Sells Development Site At 2413 Atlantic Avenue Brooklyn For $3.8M With Broker Matthew Peters

2413 Atlantic Avenue

$3,800,000

$312/SF

Building Size

12,150 SF

Asset Type

Development Site

Closing

Oct 27, 2025

AI

The property involved in this transaction is a development site located at 2413 Atlantic Avenue in Brooklyn. The asset was sold for a price of $3,800,000, encompassing a building square footage (BSF) of 44,050, which translates to a price per building square foot (PPBSF) of $86. The site also has a total square footage (SF) of 12,150, with a price per square foot (PPSF) of $312.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $3,800,000
  • BSF: 44,050
  • PPBSF: $86
  • SF: 12,150
  • PPSF: $312
  • Seller: Barbara Noble
  • Broker: Matthew Peters - Marcus & Millichap

Matthew Peters represented the seller in this transaction, facilitating the deal on behalf of Barbara Noble. The transaction underscores the involvement of Marcus & Millichap in the real estate market for development sites in Brooklyn.

Players

Matthew Peters

Marcus & Millichap

Broker

$159.6M

vol

28 deals

Broker

Brooklyn Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93