THE CONDO BOOK PROJECT

539 Lorimer Street Condominium

539 Lorimer Street, Brooklyn, NY 11211

Overview

Units
2 residential
Subway
1 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 7 min
Offering price
$5.25 million total $4.45 million when first offered

The sponsor of record is 539 Lorimer Street LLC, represented by Allen, Morris, Troisi & Simon LLP. The sponsor has filed 4 amendments, the latest in October 2019. The nearest other condo plan on file is Lorimer, next door.

Plan CD180086 · New · accepted Jun 7, 2019 · AG record ↗

Closings Pro

Homes closed100% of the homes in the plan2 of 2
Closingsfirst and latest recordedJan 31, 2020 – Apr 10, 2020

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 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 4 closings
HomeRecordedClosing priceSchedule ADifference
BJan 31, 2020$995,000——
CJan 31, 2020$1,069,163——
AMar 20, 2020$1,925,000——
DApr 10, 2020$840,000——

Pro

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

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Team

Sponsor
539 Lorimer Street LLC
Construction lender
Emerald Creek CapitalLender on the mortgage and building loan agreement recorded November 2017 in ACRIS; $3.24 million recorded

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

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