The development site located at 2183 Ocean Avenue & 2187 Ocean Avenue in Brooklyn was sold for a total of $3,975,000. The properties comprise a combined building square footage of 26,400, with a price per building square foot of $150. The total square footage for the properties stands at 7,860, which results in a price per square foot of $505.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $3,975,000
• Building Square Footage: 26,400
• Price per Building Square Foot: $150
• Total Square Footage: 7,860
• Price per Square Foot: $505
• Buyer: Jacob Ganzfeld
• Seller: Norma Veridiano
• Brokers: Jakub Nowak & Jesse Kay - Marcus & Millichap
• Date of Sale: 01/15/2025

The brokers Jakub Nowak and Jesse Kay from Marcus & Millichap represented the sale. They successfully negotiated an extended contract with a not-for-profit birthing center, facilitating a smooth relocation for the tenant without disrupting operations. The buyer also assumed the existing mortgage at the time of contract signing and later closed after securing building permits, benefiting both the buyer and seller.