A new construction multifamily building in East Williamsburg is up for grabs, with an asking price of $4.5 million.
172 Skillman Avenue, located between Graham Avenue and Humboldt Street, measures about 6,300 square feet and consists of eight one-bedroom apartments. The four-story building was completed last year. Interiors have hardwood floors, stainless steel appliances, stone countertops, washer/dryer hookup and dishwashers. One unit has access to a backyard garden. Every apartment comes with storage space, and the development has a roof deck.
Seven of eight units are occupied, and most of the leases end in one year. Current rents in the building average $54 per square foot, and tenants pay for their own electric, gas and heating.
The property has 13 years left on a 15-year 421a tax abatement.
TerraCRG is marketing the building.