Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of 524 Lorimer Street (the “Property”), a mixed-use walkup building that totals 4,150 SF (including 700sf below grade) and is comprised of 2 commercial units and 3 residential units. The Property is completely occupied, 100% free-market, and has ZERO deferred maintenance. In the past few years, ownership has replaced the HCAV system, water heaters, roof, siding, intercom system, and surveillance cameras among other capital improvements.
Over the past decade, Williamsburg has emerged as one of the most popular neighborhoods in Brooklyn. Residents and employers choose Williamsburg for its eclectic offering of dining, shopping and entertainment destinations, all easily accessible within just a few minutes travel time from the Property. 524 Lorimer Street is ideally positioned 2 blocks from the Lorimer Street Station, which offers access to the & subway line and provides commutes of less than 15 minutes into Lower Manhattan.