THE CONDO BOOK PROJECT

40 Skillman Avenue Condominium

40 Skillman Avenue, Brooklyn, NY 11211

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Overview

Units
6 residential
Subway
2 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 8 min
Principals
Elizabeth McDonald, Jason Blauvelt
Average $/sf
$1,645Homes in Schedule A, as first offered
Common charges
$553–$710 a monthSponsor's first-year estimate in Schedule A, For the Period September 1, 2023 through August 31, 2024
Offering price
$13.4 million total $13.1 million when first offered

The sponsor of record is 40 Skillman Avenue LLC, represented by Rosen Law LLC. The offering plan runs 398 pages. The sponsor has filed 5 amendments, the latest in March 2025. The nearest other condo plan on file is 605 Lorimer Street Condominium, next door.

Plan CD220113 · New · accepted Jun 27, 2023 · AG record ↗

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FigureThis building166 Hope26 units · 0.3 miaccepted 2024The Lorimer Collective37 units · 0 miaccepted 2023
Common ChargesPer Square Foot / Month$0.49In line$1.05$0.48
Average Offering PricePer Apartment$2.19MIn line$2.67M$1.27M
Average PricePer Square Foot$1,645Below peers$1,692$1,689
Property TaxesPer Square Foot / Month$0.18Lowest$0.56$0.66
Average Unit SizeSquare Feet1,332 SFIn line1,576 SF752 SF

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Unit mix, closings, budgets, finishes and the team, against 66 Hope and The Lorimer Collective, 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 closed100% of the homes in Schedule A6 of 6
Closing prices vs. Schedule A6 homes: $13,540,689 at closing against $13,144,000 in Schedule A (p. 48)+3%
Average closing price6 homes, on their Schedule A square feet$1,694 / SF
Closingsfirst and latest recordedJan 22, 2024 – Jun 17, 2025

Sales recorded with the Department of Finance (ACRIS) through May 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
3AJan 22, 2024$2,493,694$2,399,000 p. 48+3.9%
2AJan 24, 2024$1,909,219$1,799,000 p. 48+6.1%
2BFeb 2, 2024$1,909,219$1,799,000 p. 48+6.1%
1BMay 8, 2024$2,367,431$2,399,000 p. 48−1.3%
1AJan 7, 2025$2,418,344$2,399,000 p. 48+0.8%
3BJun 17, 2025$2,442,782$2,349,000 p. 48+4%

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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
40 Skillman Avenue LLC
Principals
Elizabeth McDonald, Jason Blauvelt
Tax estimate
Rosen Law LLCPrepared the first-year real estate tax projection
Construction lender
Midfirst Bank

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

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