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909 Lorimer Street

Summer Xu Acquires MultiFamily Asset At 909 Lorimer Street Brooklyn For $2.23M
SOLDMultiFamily

Summer Xu Acquires MultiFamily Asset At 909 Lorimer Street Brooklyn For $2.23M

909 Lorimer Street

$2,230,000

$1,051/SF

Building Size

2,120 SF

Asset Type

MultiFamily

Closing

Jun 28, 2026

AI

909 Lorimer Street is a multi-family property located in Brooklyn that was sold for $2,230,000. The property consists of 2,120 square feet, resulting in a price per square foot of $1,051. This 2-family frame is situated in a prime Greenpoint location, directly off the park.

Summary of transaction details:

The New York Multifamily Team successfully facilitated this competitive bidding process resulting in the sale. The team has experience in selling multiple family properties in the lower Greenpoint area of North Brooklyn and encourages inquiries for similar transactions.

Players

Michael Salvatico

Marcus & Millichap

Broker

$808.2M

vol

179 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

366 deals

Broker

Summer Xu

Buyer

$2.2M

vol

1 deal

Buyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.11%

Cash-on-Cash

-2.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93