718 Lorimer St

Avison Young, as the exclusive agent, is pleased to offer for sale 718 Lorimer Street (the “Property”), a three-story mixed-use walk-up building boasting 100 feet of wrap-around frontage on the northwest corner of Lorimer Street and Richardson Street in the heart of Williamsburg.
The 100% free market Property comprises five (5) residential units over one (1) ground-floor retail space across 4,125± square feet. Four (4) of the units feature one-bedroom, one-bathroom layouts while the ground-floor unit features a three-bedroom, one-bathroom layout and boasts a massive private backyard. While all of the units are in great condition, an investor could seamlessly add value by implementing cosmetic renovations to the units and common areas to take advantage of the substantial rent growth and influx of well-todo renters flooding the Williamsburg market. The ground-floor retail space is occupied by the Casetta Café, a popular coffee and pastry shop among locals and park-goers.
The Property is ideally located a half block from McCarren Park as well as nearby to the world class dining, shopping, and nightlife synonymous with Williamsburg. McCarren Park comprises 36 acres spread over four city blocks and features tons of green space, trees, playing fields, tracks, and a pool. Along and nearby the park are a myriad of trendy restaurants, bars, and breweries popular among residents and tourists alike.
718 Lorimer Street offers potential investors the opportunity to acquire a boutique multifamily walkup with significant in-place cash flow with further upside in Brooklyn’s most exciting and desirable neighborhood.