Map pin255 Lorimer Street, New York, NY, 11206, US

255 Lorimer Street

255 Lorimer Street_Property for Sale

Attributes

Number of units
66 units
Year built
2024
Building area net
51,493 sf
Number of floors
8 floors

Asset Description

Jones Lang LaSalle (“JLL”) has been retained on an exclusive basis to facilitate the sale of 255 Lorimer Street (the “Property”), an eight-story building at the corner of Broadway and Lorimer Street in South Williamsburg, Brooklyn. The new construction apartment building will yield a total of 66 residential units consisting of 46 free market apartments, 20 affordable apartments, 2 ground floor retail units and 1 community facility. Stationed in the heart of South Williamsburg, 255 Lorimer Street’s combination of best-in-class amenities, proximity to transportation and scale make it one of the most exciting contemporary offerings in all of Brooklyn.

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Investment Highlights

  • Trophy Elevator Building of Substantial Scale - 8 Stories - 66 Units
  • Brand New 70/30 35-Year Tax Abatement
  • Substantial Tax Savings - ~$21M NPV
  • Quality New Construction - Designed by ODA Architecture
  • Outstanding Transportation Access - J & M Subway Lines at the Base of the Property, G Subway Line Across the Street and the L Subway Line 10-minutes Away
255 Lorimer Street (0 Properties)

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Last updated
12 Mar 2024