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490 LORIMER Street #3A
About This Property
Each unit is a thoughtful blend of attention to detail and open-concept modern living. Features include wide plank European oak floors, a ton of natural light through oversized windows, in-unit washer/dryer, central heating and cooling, lovely bathrooms with chic fixtures and finishes, and spacious modern kitchens featuring Caesarstone countertops and tile backsplash, built in wine fridge, breakfast counter sand high-end appliances from Bertazzoni, Liebherr and LG.
Unit 3A is an impeccably designed 1,094 Sf apartment, bathed in natural light that exudes contemporary elegance with 2 large bedrooms, 2 sleek full bathrooms featuring heated floors, and oversized windows with triple pane glass throughout. Direct elevator entry brings you into a gracious layout, with high ceilings and a welcoming open floorplan for relaxing, dining, and entertaining. The large living and dining area hasfloor-to-ceiling windows and flows directly to your outdoor balcony through sliding doors. The large kitchen is styled with tasteful cabinetry, generous island for extra seating and a separate laundry/storage room. For the chef in you, there is a Bertazzoni Master Series 5-burner stove/range, Liebherr paneled refrigerator, Bertazzoni dishwasher, and Summit wine fridge for your favorite vintage.
Conveniently located in prime Williamsburg,490Lorimer is surrounded by a large and diverse array of restaurants, bars, cafes, and shops and just minutes away from both the G and L subway trains. Amenities include a bicycle room, private storage and on-site parking available for purchase, and a spacious rooftop deck with soaring city views of the Manhattan skyline.
The complete offering terms are in an offering plan available from sponsor. 490 Lorimer Street Condominium, File no. CD21-0036. Sponsor: HESY DIAMOND, LLC, 1224 Anderson Avenue, Suite 2 Fort Lee, New Jersey 07024.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 6, 2024 | Sold | ||
| Sold | |||
| Aug 1, 2023 | Listed by Douglas Elliman Real Estate | $1,525,000 | |
| Listed by Douglas Elliman Real Estate | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/07/2024
|
Studio
|
2 Bath
|
718 ft²
|
$850,000
Studio
2 Bath
718 ft²
|
$850,000
09/06/2024
|
Anthony Robles
Prudential Douglas Elliman Real Estate
| |
|
05/07/2024
|
3 Bed
|
2 Bath
|
1394 ft²
|
$2,395,000
3 Bed
2 Bath
1394 ft²
|
$2,475,000
+3.34%
08/08/2024
|
Anthony Robles
Prudential Douglas Elliman Real Estate
| |
|
05/07/2024
|
1 Bed
|
2 Bath
|
1218 ft²
|
$1,500,000
1 Bed
2 Bath
1218 ft²
|
$1,399,000
-6.73%
09/11/2024
|
Anthony Robles
Prudential Douglas Elliman Real Estate
| |
|
08/01/2023
|
1 Bed
|
1 Bath
|
-
|
$999,000
1 Bed
1 Bath
|
$1,524,000
+52.55%
12/05/2023
|
Anthony Robles
Prudential Douglas Elliman Real Estate
| |
|
08/01/2023
|
2 Bed
|
2 Bath
|
1094 ft²
|
$1,525,000
2 Bed
2 Bath
1094 ft²
|
$1,580,000
+3.61%
12/06/2024
|
Aran Scott
Space Marketing Shop Inc.
| |
|
07/31/2023
|
1 Bed
|
1 Bath
|
660 ft²
|
$970,000
1 Bed
1 Bath
660 ft²
|
$970,000
01/03/2025
|
Anthony Robles
Prudential Douglas Elliman Real Estate
| |
|
07/31/2023
|
2 Bed
|
2 Bath
|
1094 ft²
|
$1,550,000
2 Bed
2 Bath
1094 ft²
|
$1,600,000
+3.23%
12/07/2023
|
Anthony Robles
Prudential Douglas Elliman Real Estate
| |
|
07/13/2023
|
1 Bed
|
1 Bath
|
660 ft²
|
$985,000
1 Bed
1 Bath
660 ft²
|
$985,000
01/18/2024
|
Anthony Robles
Prudential Douglas Elliman Real Estate
| |
|
07/13/2023
|
2 Bed
|
2 Bath
|
1094 ft²
|
$1,499,000
2 Bed
2 Bath
1094 ft²
|
$1,524,000
+1.67%
12/05/2023
|
Anthony Robles
Prudential Douglas Elliman Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017