THE OFFERING The New York Multifamily Team is pleased to present 909 Lorimer Street, an exceptional multifamily property located in the heart of Greenpoint, Brooklyn—one of the borough’s most desirable and rapidly evolving residential neighborhoods. Ideally positioned on the corner of Lorimer Street and Nassau Avenue, the property offers 20 feet of frontage and sits on a 20’ x 75’ lot (Block: 2644, Lot: 39). Built 20’ x 45’, 909 Lorimer Street is zoned R6B, providing both strong in-place cash flow and future repositioning or redevelopment potential. Surrounded by Greenpoint’s charming tree-lined streets, boutique retail, and vibrant restaurant scene, the property also benefits from excellent accessibility via the G train at Nassau Avenue and close proximity to McCarren Park. 909 Lorimer Street represents a rare opportunity for investors to acquire a well-located multifamily asset in one of Brooklyn’s most stable and high-demand markets. THE OPPORTUNITY Prime Greenpoint Location: Nestled on picturesque Lorimer Street between Nassau Avenue and Driggs Avenue, 909 Lorimer Street sits at the crossroads of Greenpoint and Williamsburg, offering the charm of a tree-lined residential block with proximity to the area’s vibrant dining, boutique retail, and cultural destinations. The property is surrounded by beloved neighborhood landmarks such as McCarren Park and Transmitter Park, and is within walking distance to the G train and NYC Ferry, providing convenient access to Manhattan and the rest of Brooklyn. Boutique Two-Family Townhouse: This charming, 20-foot-wide property features two full-floor residences totaling 2,120 square feet, each flooded with natural light and offering flexible layouts ideal for modern living. The property presents the perfect opportunity for an end user to live in one unit while generating strong rental income from the other, or to convert the entire structure into a spacious single-family townhouse. Its scale and layout allow for seamless customization—offering a rare blend of intimacy, flexibility, and architectural potential in one of Brooklyn’s most desirable residential enclaves. Strong Financial Performance: Offered at $2,495,000, the property is priced at $1,177 per square foot, delivering a 7.2% pro forma cap rate upon stabilization. With projected pro forma rents of $216,000 annually and a net operating income of $179,851, 909 Lorimer combines end-user lifestyle appeal with attractive investment fundamentals. The building benefits from a low annual tax bill of $6,738 under protected Tax Class 1, providing long-term tax stability and efficient ownership. End-User and Income Flexibility: Delivered with both residential units vacant, 909 Lorimer allows for immediate customization—ideal for a buyer seeking a live-plus-income setup or the potential to reimagine the space into a bespoke single-family residence. The property’s M1-2/R6 zoning adds an additional layer of flexibility for future redevelopment or expansion.