418 Lorimer St | Brooklyn, NY 11206
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- LoopNet Team
418 Lorimer St
Brooklyn, NY 11206
418 LORIMER ST · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Approved Plans: DOB approved plans for a 4,800 SF 7-unit rental development (plans available in data room).
- Delivered Vacant: The property is vacant allowing for construction to begin post-closing.
- Currently Tax Class Protected: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
- Strong Condo Market: Condo sellouts projected to be $7M at attainable per-unit pricing, well supported by nearby comparable sales.
- Premier Location: Within Williamsburg, Brooklyn, one of NYC’s most sought-after residential submarkets, with countless neighborhood amenities.
- 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.
PROPERTY FACTS
| Property Type | Industrial | No. Floors | 1 |
| Property Subtype | Warehouse | Year Built | 2004 |
| Costar Property Class | C | Tenancy | Single |
| Total Plot Size | 0.03 ac | No. Drive In / Grade-Level Doors | 1 |
| Net Internal Area (NIA) | 4,800 sq ft | ||
| Use Class | R6B | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | C |
| Total Plot Size | 0.03 ac |
| Net Internal Area (NIA) | 4,800 sq ft |
| No. Floors | 1 |
| Year Built | 2004 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
| Use Class | R6B |
PROPERTY TAXES
| Parcel Number | 03023-0006 | Improvements Assessment | £103,004 |
| Land Assessment | £48,472 | Total Assessment | £151,476 |
PROPERTY TAXES
Parcel Number
03023-0006
Land Assessment
£48,472
Improvements Assessment
£103,004
Total Assessment
£151,476
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