Ross Banon Acquires Multifamily Property In Williamsburg, Brooklyn For $9.2M

The multifamily property located at 41 Skillman Avenue in Williamsburg, Brooklyn has been sold in a recent transaction. The property is zoned as M1-2/R6, MX-8 and features a lot size of 2,500 square feet. It has a floor area ratio (FAR) of 2.50 and falls under tax class 2B.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $9,200,000
• Address: 41 Skillman Avenue, Williamsburg, Brooklyn
• Buyer: Ross Banon
• Seller: Joel Schwartz
• Building Square Footage: 6,075
• Price per Building Square Foot: $1,514
• Lot Square Footage: 6,250
• Price per Lot Square Foot: $1,472
• Last Sale Price: $2,000,000 (07/24/2018)
• Permits: Alteration 3 (09/13/2019)
• Lot Dimensions: 25 ft x 100 ft

Ross Banon represented himself as the buyer in this transaction, while Joel Schwartz acted as the seller. The property was previously sold for $2,000,000 on July 24, 2018. Alteration permits were obtained on September 13, 2019.