Riverwalk Crossing
405 Main Street, New York, NY, 10044, US
242 units
Attributes
Number of units
66
Year built
2024
Building area net
51,493 sf
Number of floors
8
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.
...
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
Media
255 Lorimer Street (0 Properties)
Contact brokers
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
18 Sep 2024