718 Lorimer St Brooklyn, NY 11211
This exceptional three-story mixed-use building, located at 718 Lorimer Street in the heart of Williamsburg, Brooklyn, presents a compelling investment opportunity. The 4,125 square foot property boasts 100 feet of wraparound frontage on Lorimer and Richardson Streets, offering excellent visibility. The building comprises six units: five residential apartments and one ground-floor retail space currently occupied by a popular café. Four residential units are one-bedroom, one-bathroom apartments, while the ground floor unit offers three bedrooms and one bathroom, along with a sizable private backyard. All units are in good condition, presenting an opportunity for value enhancement through cosmetic renovations to capitalize on Williamsburg's strong rental market. The building's prime location is just half a block from McCarren Park, a 36-acre green space, and within easy reach of the vibrant dining, shopping, and nightlife that defines Williamsburg. Its proximity to the Bedford Avenue (L train) and Metropolitan Avenue (G train) subway stations further enhances its appeal. This tax-class 2A property offers significant in-place cash flow and substantial upside potential in one of Brooklyn's most desirable neighborhoods. The asking price is $3,950,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.