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.
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