$6,400,000
Updated 5 years ago
Sold

175 Skillman Ave

Williamsburg, Brooklyn | Graham Ave & Humboldt Street

20 Rooms9 Beds9 Baths1,200 Square FeetIncome Property

$6,400,000
floors / apts5 / 7
Lot Size25'x100'
Built Size19'3"x37'3"
ZoneR6B
Building TypeLow-Rise
RE Taxes$37,200
Price Per SF
$5,333

This property was sold for $6,175,000 on 11/19/21.

Listing Features

  • High Ceilings
  • New Windows
  • Oversized Windows

Outdoor space and views

  • Balcony
  • Terrace
  • City Views

Building Amenities

  • Video Intercom
  • Roof Deck
  • Storage

Property Description for 175 Skillman Ave

7 Unit Fully Leased New Development 175 Skillman is your opportunity to buy an exceptionally built brand-new investment property with immense upside potential. Perfect building for condo conversion: Unique loft-style condo-quality units make 175 Skillman effortlessly stand out from every other new development and highly desirable to buyers & renters alike. Every detail has been carefully designed and executed with maximum returns in mind using soaring ceilings and private outdoor spaces for each unit to max out income potential while staying within the buildable sqft. Every unit is unique making 175 Skillman ideal for an array of end users with different wants and needs in their new homes. -Two penthouse duplexes with double height ceilings each boast their own massive private roof decks with unobstructed NYC views -Two lower units also get their own private roof decks with the same unobstructed NYC views -Two ground floor duplexes have access to sizable private yards -Some lower units also boast balconies while another has nearly double height ceilings -Every unit is flooded with natural light and boasts private outdoor space, washer/dryer in unit, dishwasher, central air, red oak hardwood floors, White Carrara quartz counter tops & imported Italian solid wood cabinetry -Basement area features additional storage spaces for residents Impeccably built & fully leased building is being offered close to cost to buy/develop while being completely turnkey & giving immediate returns with an NOI of +$248k. Contact listing agent for more details and offering memorandum.

Listing History for 175 Skillman Ave

Now
11/19/2021
$6,175,000
Sold and Closed by Paula Manna
Compass
08/10/2021
Contract Signed by Paula Manna
Compass

Building Details for 175 Skillman Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVideo Intercom
AgePost-War
AccessWalk-up
Year Built2018
Floors/Apts5/7
Learn More About the Building

Transit and Citi Bike

Subway

Graham Av
0.11 miles
Grand St
0.34 miles
Lorimer St
0.36 miles
Metropolitan Av
0.46 miles

Citi Bike

Graham Ave & Withers St
0.07 miles
Graham Ave & Conselyea St
0.08 miles

Contact Agent

Contact Agent

Williamsburg | Brooklyn

Quick Profile

Equal parts family-friendly and millennial haven/nightlife destination, Williamsburg offers the best of all worlds. Whether by night or by day, the ‘Burg has endless options for every type of personality and interest--which has only increasingly become the case after the neighborhood was rezoned in 2005. With the floodgate opened for more varied types of businesses, Williamsburg saw one of the highest rates of development in the past decade than any other part of Brooklyn. 

Referred to as “Little Berlin” for its late night and club-oriented nature, Williamsburg works as hard as it plays. Apart from the Clubland concentrated around Wythe Avenue, there is also a slew of offices (like 25 Kent Avenue, a sprawling eight-floor, 500,000-square foot waterfront building) and co-working spaces such as WeWork, The Yard and Green Desk that make it an ideal location for the corporate-, startup- and tech-oriented set. 

With more offices setting their sights on this part of Brooklyn, it only makes sense that more people want to live close to where they work. Apart from your average walk-up apartment, W-burg has famously become home to numerous condos along the waterfront that continue to grow and expand in concert with the businesses and corporate hubs that have entered the environment. 

Even with its many and undeniable changes, however, Williamsburg remains an arts-friendly community, particularly with regard to music and literature. While DIY spaces have come and gone, certain staples have persisted to become institutions that still provide a place for up and coming musicians to perform. On the literary front, long-standing indie bookstores like Spoonbill and Sugartown and Book Thug Nation have paved the way for others to cross the river, namely McNally Jackson Books. 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 54519TH