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:
- Property Type: MultiFamily
- Transaction Amount: $2,230,000
- Sale Date: 6/29/2026
- Address: 909 Lorimer Street
- Market: Brooklyn
- Square Footage: 2,120
- Price Per Square Foot: $1,051
- Buyer: Summer Xu
- Broker Representatives: Shaun Riney, Michael Salvatico & Harrison Rich - Marcus & Millichap
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
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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