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.
Courtesy Of Kleier Residential Inc.
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