347 Lorimer Street $20,500,000


    347 Lorimer Street Brooklyn, NY 11206

    • Commercial
    MLS# RPLU-429218838951 | Active


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    Days On Market: 159 3 Views
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    Property Details

    Multi-Family Building in Prime Williamsburg <br><br> 347 Lorimer Street is a renovated multi-family building nestled on the corner of Lorimer and Meserole Streets in Brooklyn, New York. <br><br> The property has an attractive unit mix with 18 Free Market apartments. The entire building has recently undergone a $2 million rehabilitation including brand new common areas, building systems and condo level finishes throughout all apartments. Branded bikes in an on-site bike room is an additional amenity for resident's use. All free market units were completely renovated and equipped with stainless steel appliances, Caesarstone counters, wide plank wood floors, eight foot tall doors, and a modern spec to attract quality tenants. <br><br> The property is just 2 blocks from the M train so the pending L train shut down will not severely impact tenants' commute. <br><br> Approximately 4% Cap Rate. Rent Roll and Income/ Expenses available upon request.

    • General Features
      • Sale Or Rent Building for Sale
      • Subdivision Williamsburg
      • County Kings
      • Ownership Income property
      • Year Built 1931
    • Building Features
      • Air Conditioning Type Unknown Type
      • Air Conditioning Type1 Unknown Type
      • Block 3049
      • Borough Brooklyn
      • Building Access Elevator
      • Age Pre-war
      • Type Low-Rise
      • Elevator True
      • Amenities Bike Room; Roof Deck;
      • Courtyard False
      • Fitness Facility False
      • Garage False
      • Garden False
      • Green Building False
      • Laundry Room False
      • New Development False
      • Pool False
      • Number of Rooms 0
      • Roof Deck True
      • Floor Count 6
      • Number of Commercial Units 0
      • Number of Professional Units 0
      • Number of Residential Units 0
      • Service Level Video Intercom
    • Property Features
      • Lot Size 40'1"x75'


    Hugo Salazar

    Real Estate Broker, Owner

    RE/MAX Real Estate Professionals

    Office: 718-532-2000


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    Market Last 30 Days

    Market information available exclusively for My Property Finder members

    Property History

    Date Event Price Percent Change
    -- Current Price Source New Value: $20,500,000
    10/24/2018 7:20:25 AM Price Reduced Source New Value: $20,500,000 -2.38%
    9/28/2018 7:18:44 AM Price Reduced Source New Value: $21,000,000 -4.55%
    8/13/2018 7:38:00 PM New in Database Source New Value: $22,000,000

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