THE CONDO BOOK PROJECT

Lorimer

537 Lorimer Street, Brooklyn, NY 11211

Overview

Units
10 residential · 10 storage
Subway
2 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 7 min
Offering price
$13.3 million total $13.6 million when first offered

The sponsor of record is 535 Lorimer Street LLC, represented by Allen, Morris & Troisi LLP. The sponsor has filed 10 amendments, the latest in September 2018. The nearest other condo plan on file is 539 Lorimer Street Condominium, next door.

Plan CD170138 · New · accepted Oct 24, 2017 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan10 of 10
Closingsfirst and latest recordedJun 28, 2018 – Nov 26, 2018

Sales recorded with the Department of Finance (ACRIS) through Sep 30, 2023: deeds, or transfer tax filings for a building on leased land, of $10,000 or more. A home's first sale since the plan was filed is the sponsor's closing; resales aren't counted. Closing prices are compared with the same home's Schedule A price, as first offered; a deed covering more than one home isn't compared. Amendments often change prices before a home closes, and a deed that includes parking or storage counts its full price. ACRIS records a sale weeks after closing, so recent contracts don't appear yet. Every building's sales.

All 10 closings
HomeRecordedClosing priceSchedule ADifference
301Jun 28, 2018$958,669——
202Jun 29, 2018$1,350,000——
303Jun 29, 2018$894,061——
201Jul 17, 2018$935,772——
302Jul 17, 2018$880,000——
401Jul 20, 2018$1,655,675——
PHNJul 25, 2018$1,508,642——
PHSNov 15, 2018$1,595,125——
102Nov 20, 2018$1,731,025——
101Nov 26, 2018$1,180,000——

Pro

Closings are for subscribers

Every home's recorded closing price against its Schedule A price, with the ACRIS document and the plan page.

Subscribe to seeAlready a member? Sign in

Team

Sponsor
535 Lorimer Street LLC
Construction lender
Thorofare Asset Based Lending REIT Fund IVLender on the mortgage and building loan agreement recorded September 2017 in ACRIS; $11.2 million recorded

From our research: Do NYC Developers Rehire the Same Firms?

Nearby