Ross Banon Acquires Apartment Building On Montrose Avenue In Williamsburg For $9.2M

An apartment building located at 209 Montrose Avenue in Williamsburg, Brooklyn has been sold in a transaction dated September 6, 2022. The property is zoned as R6 and C1-3, and it consists of an apartment building with a floor area ratio (FAR) of 3.10. The property has a tax class of 2B and sits on a lot size of 2,500 square feet, with dimensions of 25 feet by 100 feet.

Summary of transaction details

• Property Type: Apartment Building
• Transaction Amount: $9,200,000
• Market: Williamsburg, Brooklyn
• Buyer: Ross Banon
• Seller: Joel Schwartz
• Last Sale Price: $3,200,000 (06/20/2018)
• Permits: Alteration 2 (11/20/2017)

The buyer of the property is Ross Banon, while the seller is Joel Schwartz. The transaction took place at a price of $9,200,000. The building has a gross square footage of 6,075, resulting in a price per square foot of $1,514. The total lot size of the property is 2,500 square feet. The previous sale price of the property was $3,200,000 on June 20, 2018. The property has obtained permits for alteration, with the most recent permit issued on November 20, 2017.