347 LORIMER STREET, #NA

$20,500,000

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18

Families

ID #: 795844
Property Type: Multi-Family Townhouse
Approx. Size: 25,777 SqFt
Beds: Studio


Building & Unit Features


Courtesy Of Kleier Residential Inc.

Multi-Family Building in Prime Williamsburg

347 Lorimer Street is a renovated multi-family building nestled on the corner of Lorimer and Meserole Streets in Brooklyn, New York.

The property has an attractive unit mix with 18 Free Market apartments. The entire building has recently undergone a $2 million rehabilitation including brand new common areas, building systems and condo level finishes throughout all apartments. Branded bikes in an on-site bike room is an additional amenity for resident's use. All free market units were completely renovated and equipped with stainless steel appliances, Caesarstone counters, wide plank wood floors, eight foot tall doors, and a modern spec to attract quality tenants.

The property is just 2 blocks from the M train so the pending L train shut down will not severely impact tenants' commute.

Approximately 4% Cap Rate. Rent Roll and Income/ Expenses available upon request.

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Nearby Subways

  • G Union Ave & Broadway (~0.16 mile)
  • J M Moore St & Broadway (~0.22 mile)
  • L Montrose Ave & Bushwick Ave (~0.44 mile)
  • G L Lorimer St & Metropolitan Ave (~0.44 mile)
  • J M Z Marcy Ave & Broadway (~0.49 mile)

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