THE CONDO BOOK PROJECT

30 Skillman Avenue Condominium

30 Skillman Avenue, Brooklyn, NY 11211

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Overview

Units
7 residential
Subway
3 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 8 min
Principals
Arie Bar Chaim, Tian Dong Zheng
Average $/sf
$872Homes in Schedule A, as first offered
Common charges
$251–$574 a monthSponsor's first-year estimate in Schedule A, Year Projected to Begin: April 1, 2023-March 31, 2024
Offering price
$8.48 million total $4.71 million when first offered

The sponsor of record is 30 Skillman Ave LLC, represented by The Law Office Of Jay Lichtman, PC. The offering plan runs 372 pages. The sponsor has filed 2 amendments, the latest in October 2023. The nearest other condo plan on file is 38 Skillman Avenue Condominium, next door.

Plan CD220250 · New · accepted May 19, 2023 · AG record ↗

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FigureThis building1499 Van Buren25 units · 2 miaccepted 2023Troutman Partners38 units · 1.5 miaccepted 2023
Common ChargesPer Square Foot / Month$0.46In line$0.41$0.58
Average Offering PricePer Apartment$660,014Below peers$931,000$740,000
Average PricePer Square Foot$872Below peers$969$1,101
Property TaxesPer Square Foot / Month$0.91Highest$0.73$0.18
Average Unit SizeSquare Feet757 SFIn line961 SF672 SF

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Unit mix, closings, budgets, finishes and the team, against 499 Van Buren and Troutman Partners, cited to the offering plans. No credit card required.

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How We Got This
  • Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
  • Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
  • Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
  • Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed86% of the homes in Schedule A6 of 7
Closing prices vs. Schedule A6 homes: $6,172,000 at closing against $3,416,800 in Schedule A (p. 34)+80.6%
Average closing price6 homes, on their Schedule A square feet$1,445 / SF
Closingsfirst and latest recordedJan 9, 2024 – Apr 4, 2024

Sales recorded with the Department of Finance (ACRIS) through Jul 31, 2026: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 6 closings
HomeRecordedClosing priceSchedule ADifference
4RJan 9, 2024$1,250,000$684,800 p. 34+82.5%
2FJan 11, 2024$897,000$529,600 p. 34+69.4%
3RJan 19, 2024$960,000$514,400 p. 34+86.6%
2RJan 25, 2024$975,000$507,200 p. 34+92.2%
4FFeb 23, 2024$1,150,000$651,200 p. 34+76.6%
3FApr 4, 2024$940,000$529,600 p. 34+77.5%

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Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

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Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
30 Skillman Ave LLC
Principals
Arie Bar Chaim, Tian Dong Zheng
Tax estimate
Metropolitan Realty Exemptions, Inc.Prepared the first-year real estate tax projection
Construction lender
Quanta Finance$3 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

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