Arik Bar Chaim Acquires Development Site On Skillman Avenue In Williamsburg, Brooklyn For $1.6M

Located at 30 Skillman Avenue in Williamsburg, Brooklyn, this development site was recently sold in a closed transaction. The property, spanning a lot size of 25 feet by 100 feet, offers great potential for growth and development. The site is zoned as R6B, allowing for various development opportunities.

• Sale Price: $1,600,000
• Building Square Footage (BSF): 5,000
• Price Per Building Square Foot (PPBSF): $320
• Permits Filed: Full demolition in April 2021

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $1,600,000
• Address: 30 Skillman Avenue
• Market: Williamsburg, Brooklyn
• Buyer: Arik Bar Chaim
• Seller: Len Tudisco
• Brokers: Derek Bestreich, Luke Sproviero, and Donal Flaherty - Bestreich Realty Group
• Lot Size: 25 ft x 100 ft

Derek Bestreich, Luke Sproviero, and Donal Flaherty from Bestreich Realty Group represented the buyer and seller in this transaction. Their expertise in the market facilitated the smooth closing of the deal.