For Sale
$3,950,000

718 Lorimer StBrooklyn, NY 11211

Prime Williamsburg location, 6 units, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional three-story mixed-use building, located at 718 Lorimer Street in the heart of Williamsburg, Brooklyn, presents a compelling investment opportunity. The 4,125 square foot property boasts 100 feet of wraparound frontage on Lorimer and Richardson Streets, offering excellent visibility. The building comprises six units: five residential apartments and one ground-floor retail space currently occupied by a popular café. Four residential units are one-bedroom, one-bathroom apartments, while the ground floor unit offers three bedrooms and one bathroom, along with a sizable private backyard. All units are in good condition, presenting an opportunity for value enhancement through cosmetic renovations to capitalize on Williamsburg's strong rental market. The building's prime location is just half a block from McCarren Park, a 36-acre green space, and within easy reach of the vibrant dining, shopping, and nightlife that defines Williamsburg. Its proximity to the Bedford Avenue (L train) and Metropolitan Avenue (G train) subway stations further enhances its appeal. This tax-class 2A property offers significant in-place cash flow and substantial upside potential in one of Brooklyn's most desirable neighborhoods. The asking price is $3,950,000.

Highlights

  • Prime Williamsburg location, one block from McCarren Park.
  • Corner property with 100 ft. of wraparound frontage on Lorimer and Richardson Streets.
  • Tax-class 2A building offering significant in-place cash flow and upside potential.
  • Proximity to Bedford Ave (L train) & Metropolitan Ave (G train) subway stations.
  • Untapped value-add potential in a strong rental market.

Property Details for 718 Lorimer St

Property type
Multifamily properties, Apartment buildings
Square Feet
4,125 SF
Stories
3
Units
6

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.7184442
Longitude
-73.9498802
718 Lorimer St, Brooklyn, New York

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718 Lorimer St
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