605 Lorimer Street Condominium

605 Lorimer Street, Brooklyn, NY 11211

Overview

Units: 7 residential
Subway: 1 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 7 min
Principals: Arie Bar Chaim
Average $/sf: $1,689Homes in Schedule A, as first offered
Common charges: $240–$609 a monthSponsor's first-year estimate in Schedule A, January 1, 2024-December 31, 2024
Offering price: $9.22 million total $8.97 million when first offered
Floor plans: Page 35 of the plan

The sponsor of record is 605 Lorimer St LLC, represented by The Law Office Of Jay Lichtman, PC. The offering plan runs 369 pages. The sponsor has filed 2 amendments, the latest in March 2024. The nearest other condo plan on file is 40 Skillman Avenue Condominium, next door.

Plan CD230095 · New · accepted Sep 8, 2023 · AG record ↗

Compare

Figure	This building¹	490 Lorimer²9 units · 0.2 miaccepted 2023	40 Skillman³6 units · 0 miaccepted 2023
Common ChargesPer Square Foot / Month	$0.48Below peers	$0.57	$0.49
Average Offering PricePer Apartment	$1.27MBelow peers	$1.39M	$2.19M
Average PricePer Square Foot	$1,689Above peers	$1,602	$1,645
Property TaxesPer Square Foot / Month	$0.66In line	$0.95	$0.18
Average Unit SizeSquare Feet	752 SFSmaller	869 SF	1,332 SF

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Unit mix, closings, budgets, finishes and the team, against 490 Lorimer and 40 Skillman, cited to the offering plans. No credit card required.

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How We Got This

Comps: the closest Brooklyn plans on size, $/SF and launch date, within 2 miles when possible.
Figures: each building's own offering plan, filed with the NY Attorney General. Nothing is estimated.
Checked: a price list publishes only when its math adds up, and building pages cite the plan pages.
Labels: In line is between the comps; Below/Above peers is past both by up to 15%; Lowest/Highest by more.

Closings Pro

Homes closed100% of the homes in Schedule A	7 of 7
Closing prices vs. Schedule A7 homes: $8,345,000 at closing against $8,895,000 in Schedule A (p. 33)	−6.2%
Average closing price7 homes, on their Schedule A square feet	$1,585 / SF
Closingsfirst and latest recorded	Jun 20, 2024 – Aug 1, 2024

Sales recorded with the Department of Finance (ACRIS) through Dec 31, 2025: 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 7 closings

Home	Recorded	Closing price	Schedule A	Difference
2F	Jun 20, 2024	$900,000	$895,000 p. 33	+0.6%
4F	Jun 27, 2024	$1,150,000	$1,195,000 p. 33	−3.8%
3F	Jul 1, 2024	$925,000	$925,000 p. 33	0%
2R	Jul 11, 2024	$1,065,000	$1,045,000 p. 33	+1.9%
3R	Jul 15, 2024	$955,000	$945,000 p. 33	+1.1%
4R	Jul 18, 2024	$1,200,000	$1,395,000 p. 33	−14%
1	Aug 1, 2024	$2,150,000	$2,495,000 p. 33	−13.8%