392 Lorimer Street

East Williamsburg   |   Scholes Street & Stagg Street

Building for sale
$ 1,995,000
Ownership Multi-Family
Lot Size 21'x100'
Floors/Apts 3/3
Status Active
Real Estate Taxes [Per Annum] $ 2,729
Building Type Townhouse
Building Size 21'x35'
Year Built 1930
ASF/ASM 2,205/205
Listing ID: 74962TH

Jason Bauer

License

Manager, Lic. Associate RE Broker

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Property 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.
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.

Listing Courtesy of The Corcoran Group

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Apartment Features

A/C
392 Lorimer Street East Williamsburg Brooklyn NY 11206

Building Details [392 Lorimer Street]

Ownership Multi-Family
Service Level None
Access Walk-up
Block/Lot 3032/2
Building Size 21'x35'
Zoning R6B
Building Type Townhouse
Year Built 1930
Floors/Apts 3/3
Lot Size 21'x100'

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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2019 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.