418 Lorimer St - Warehouse FOR SALE
Brooklyn, NY 11206 |
418 Lorimer St
Brooklyn, NY 11206
HIGHLIGHTS
- Approved Plans: DOB approved plans for a 4,800 SF 7-unit rental development (plans available in data room).
- Strong Condo Market: Condo sellouts projected to be $7M at attainable per-unit pricing, well supported by nearby comparable sales.
- Delivered Vacant: The property is vacant allowing for construction to begin post-closing.
- Premier Location: Within Williamsburg, Brooklyn, one of NYC’s most sought-after residential submarkets, with countless neighborhood amenities.
- Currently Tax Class Protected: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
- Transit Access: Close proximity to the L, J, M & G trains allowing for quick transportation to Union Square, Fidi, Brooklyn & Queens within 15-20 min.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
418 LORIMER ST
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
UTILITIES
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CLEAR CEILING HT
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DOCKS
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DRIVE INS
1
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
03023-0006
