Ross Banon Acquires Apartment Building In Williamsburg, Brooklyn For $7.5M

An apartment building located at 99 North 7th Street in Williamsburg, Brooklyn has been sold in a recent transaction. The property, zoned as R6B, features an apartment building with a total building square footage (BSF) of 4,950. The price for this property was $7,490,109, with a price per building square footage (PPBSF) of $1,513. The total lot size is 2,475 square feet, with dimensions of 24.75 ft x 100 ft. The building has a square footage (SF) of 6,484 and a price per square footage (PPSF) of $1,155. The property last sold on 03/29/2016 for a price of $3,650,000. It also has an alteration permit dated 09/08/2017.

Summary of transaction details

• Property Type: Apartment Building
• Transaction Amount: $7,490,109
• Market: Williamsburg, Brooklyn
• Buyer: Ross Banon
• Seller: Joel Schwartz
• BSF: 4,950
• PPBSF: $1,513
• SF: 6,484
• PPSF: $1,155
• Lot Size: 2,475 sqft
• Last Sale Price: $3,650,000 (03/29/2016)
• Permits: Alteration 3 (09/08/2017)
• Lot Dimension: 24.75 ft x 100 ft

In this transaction, Ross Banon acted as the buyer of the property, while Joel Schwartz acted as the seller. The property has a floor area ratio (FAR) of 2.62 and falls under tax class 2B. These individuals and details played a significant role in the successful completion of the deal.