Development Opportunity | 418 Lorimer St. Brooklyn
$2,650,000
418 Lorimer Street, Brooklyn, NY 11206
For Sale
Development
Residential
Active
Last Updated: 04/22/2025
R6B
Zoning
4,800 sqft
Buildable Area
Details:
Zoning: R6B
Buildable Area: 4,800 sqft
Highlights:
- Approved Plans: DOB approved plans for a 4,800 SF 7-unit rental development (plans available in data room).
- Strong Condo Market: Condo sellouts projected to be $7M at attainable per-unit pricing, well supported by nearby comparable sales.
- Delivered Vacant: The property is vacant allowing for construction to begin post-closing.
- Premier Location: Within Williamsburg, Brooklyn, one of NYC’s most sought-after residential submarkets, with countless neighborhood amenities.
- Currently Tax Class Protected: 2A Tax Class limits tax increase to no more than 8% a year or 30% over 5 years.
- Transit Access: Close proximity to the L, J, M & G trains allowing for quick transportation to Union Square, Fidi, North Brooklyn and Queens within 15-20 minutes.
Documents:
| Title | ||
|---|---|---|
| Offering Memorandum |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
