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In Contract

392 Lorimer Street

$1,999,995 | 6+ beds, 3 baths
View Full Building Profile  | 
96 days on Market

Key Details

  • Listed: Feb 7, 2024
    Days on Market: 96
    Building Type: Townhouse
    Neighborhood: Williamsburg (Brooklyn)
Monthly Real Estate Taxes: $278
Total Taxes & Fees: $278
Est. Monthly Mortgage: $10,893
Total Est. Monthly Carrying Cost: $11,171
Note: the above is based on a down payment of 20% ($399,999), which is the minimum amount permitted by the building.

Description

How about starting 2024 with a brilliant investment? 392 Lorimer in prime East Williamsburg offers you two options to do just that.

Option One: this gorgeous legal 3-family brick townhouse is currently set up as 3, two bedroom and 1-bathroom rentals and has a very impressive 6% Cap Rate.

Option Two: the seller already has approved plans to convert this beauty into a 6-unit boutique condo building. The hard part is already taken care of. Now you can reap the benefits.

This rock solid, bright and beautiful townhouse is smack dab in the middle of what renters and buyers alike are clamoring for in this prime East Williamsburg location - shops, restaurants and boutiques and transportation (welcome back L-train!) At 21.5 feet wide and a stunning 100’ deep lot, making 392 Lorimer boost your bottom-line whatever option you choose is clearly the best decision you could make all year long.

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Building Amenities

  • Post War
Listing courtesy of Corcoran Group

Pricing History

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Area info for 392 Lorimer Street

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Subways

  1. G
at Union Ave 0.21 miles
  1. J
  2. M
at Hooper and Broadway 0.30 miles
  1. L
at Union Ave and Metropolitan Ave 0.33 miles
  1. Z
at Havemeyer and Broadway 0.50 miles