Ross Banon Acquires Apartment Building In Williamsburg, Brooklyn From Joel Schwartz For $8.5M

An apartment building located at 183 Ainslie Street in the Williamsburg neighborhood of Brooklyn has been sold in a recent transaction. The property, with a total square footage of 7,380, was sold for a price of $8,533,333. The building has a buildable square footage of 5,570, leading to a price per buildable square footage of $1,532. The price per square footage of the property is $1,156. The property is zoned as R6B and has a floor area ratio (FAR) of 2.65. The tax class of the property is 2B. The lot size is 2,785 square feet, with dimensions of 25 ft x 111.42 ft.

Summary of transation details

• Property Type: Apartment Building
• Transaction Amount: $8,533,333
• Market: Williamsburg, Brooklyn
• Buyer: Ross Banon
• Seller: Joel Schwartz
• Buildable Square Footage (BSF): 5,570
• Price per Buildable Square Footage (PPBSF): $1,532
• Square Footage (SF): 7,380
• Price per Square Footage (PPSF): $1,156
• Zoning: R6B
• Total Lot Size: 2,785 square feet
• Last Sale Price: $1,800,000 (02/26/2019)
• Permits: Alteration 3 (03/04/2020)
• Lot Dimension: 25 ft x 111.42 ft

The buyer in this transaction is Ross Banon, while the seller is Joel Schwartz.