$1,900,000
Updated 2 years ago
Sold

392 Lorimer Street

Williamsburg, Brooklyn | Scholes Street & Stagg Street

9 Rooms6 Beds3 Baths2,940 Square FeetMulti-Family

$1,900,000
floors / apts3 / 3
Lot Size21'1"x100'
Built Size21'1"x35'
ZoneR6B
Building TypeLow-Rise
RE Taxes$3,336
Price Per SF
$646

This property was sold for $1,900,000 on 10/15/24.

Listing Features

  • Window AC Units

Building Amenities

  • Voice Intercom
  • FIOS

Property Description for 392 Lorimer Street

How about starting 2024 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 History for 392 Lorimer Street

Now
10/15/2024
$1,900,000
Sold and Closed by Mark Martov
Corcoran
03/21/2024
Contract Signed by Mark Martov
Corcoran

Building Details for 392 Lorimer Street

OwnershipMulti-Family
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Broadway
0.21 miles
Hewes St
0.3 miles
Metropolitan Av
0.33 miles
Lorimer St
0.34 miles
Lorimer St
0.39 miles

Citi Bike

Scholes St & Lorimer St
0.04 miles
Leonard St & Maujer St
0.13 miles

Contact Agents

Contact Agents

Mark Martov
Corcoran

Williamsburg | Brooklyn

Quick Profile

Equal parts family-friendly and millennial haven/nightlife destination, Williamsburg offers the best of all worlds. Whether by night or by day, the ‘Burg has endless options for every type of personality and interest--which has only increasingly become the case after the neighborhood was rezoned in 2005. With the floodgate opened for more varied types of businesses, Williamsburg saw one of the highest rates of development in the past decade than any other part of Brooklyn. 

Referred to as “Little Berlin” for its late night and club-oriented nature, Williamsburg works as hard as it plays. Apart from the Clubland concentrated around Wythe Avenue, there is also a slew of offices (like 25 Kent Avenue, a sprawling eight-floor, 500,000-square foot waterfront building) and co-working spaces such as WeWork, The Yard and Green Desk that make it an ideal location for the corporate-, startup- and tech-oriented set. 

With more offices setting their sights on this part of Brooklyn, it only makes sense that more people want to live close to where they work. Apart from your average walk-up apartment, W-burg has famously become home to numerous condos along the waterfront that continue to grow and expand in concert with the businesses and corporate hubs that have entered the environment. 

Even with its many and undeniable changes, however, Williamsburg remains an arts-friendly community, particularly with regard to music and literature. While DIY spaces have come and gone, certain staples have persisted to become institutions that still provide a place for up and coming musicians to perform. On the literary front, long-standing indie bookstores like Spoonbill and Sugartown and Book Thug Nation have paved the way for others to cross the river, namely McNally Jackson Books. 

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.
OLR ID: 74962TH