392 Lorimer Street

392 Lorimer St East Williamsburg, Brooklyn, NY 11206

$2,199,995
Price
6
Beds
3
Baths
2,205 Sq. Ft.
$998 / Sq. Ft.
2,205
Sq. Ft.
$998
per Sq. Ft.

Property Details for 392 Lorimer Street

StatusActive
Year Built1930
DOM234
Compass TypeMulti Family
MLS Type-
Lot Size2,108 SF / 21' x 100'
Taxes$227 / month
Maintenance-
Minimum Down Payment-
CountyKings County

Building

392 Lorimer St

3 Units3 StoriesBuilt in 1930

Description

How about starting 2019 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.

Location

Building Information for 392 Lorimer Street

Stories3Residences3Year Built1930Building Size737.8 SF / 21.08' x 35'Lot Size2,108 SF / 21' x 100'Building AgePre-warBuilding TypeLowrise

Payment Calculator

$8,140 per month

30 year fixed, 3.51% Interest

Principal and Interest

$7,913

Property Taxes

$227

HOA Dues

$0

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Property History for 392 Lorimer Street

DateEvent & SourcePriceAppreciationLink
May 25, 2019Price Change

RLS #CORC-5653131

$1,995,000
Apr 1, 2019Listed (Active)

RLS #CORC-5653131

Feb 22, 2019Permanently Off Market

RLS #CORC-5653131

DateEvent & SourcePrice
05/25/2019
Price Change

RLS #CORC-5653131

$1,995,000
04/01/2019
Listed (Active)

RLS #CORC-5653131

02/22/2019
Permanently Off Market

RLS #CORC-5653131

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 392 Lorimer Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Ps 250 George H LindseyPublicPK-50.2 mi
3
Green School: An Academy For Environmental CareersPublic9-120.2 mi
2
Lyons Community SchoolPublic6-120.2 mi
1
Bnos ChayilPrivatePK-120.2 mi
NR

Ps 250 George H Lindsey

PK-5, 0.2 mi, Public

3

Green School: An Academy For Environmental Careers

9-12, 0.2 mi, Public

2

Lyons Community School

6-12, 0.2 mi, Public

1

Bnos Chayil

PK-12, 0.2 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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392 Lorimer Street is a multi-family home for sale in East Williamsburg, Brooklyn, NY 11206. This property was listed for sale on February 21, 2019 by Compass at $2,199,995. It has been on the market for a total of 235 days and was last sold on June 27, 2016. Nearby schools include Beginning with Children Charter II, Success Academy Bed-Stuy 1 and Citizens of the World Charter School 1. 392 Lorimer Street is a 6-bed, 3-bath, 2,205 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY