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490 LORIMER Street #PHA
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 counters and high-end appliances from Bertazzoni, Liebherr and LG.
Penthouse A is an impeccably designed 1,394 Sf apartment, plus an additional 1,219 Sf of private outdoor space, bathed in natural light that exudes contemporary elegance with 3 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 with double height ceiling and amazing views has floor-to-ceiling windows and flows directly to your outdoor private terrace delivered with a bbq grill, creating the perfect place to dine al fresco. The large kitchen is styled with tasteful cabinetry, and leads to a balcony just off the kitchen, plus a huge storage closet. For the chef in you, there is a Bertazzoni Master Series 5-burner stove/range, Liebherr paneled refrigerator, Bertazzoni dishwasher, built in drawer microwave, and Summit wine fridge for your favorite vintage. To top it all off the Penthouse has your very own private roof terrace and just above a raised private roof terrace, creating the perfect place to entertain .
Conveniently located in prime Williamsburg, 490 Lorimer 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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Cap Rate Calculator
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%.
How much can I actually make?
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.
How is cap rate calculated?
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 |
|---|---|---|---|
| Aug 8, 2024 | Sold | ||
| Sold | |||
| Jun 18, 2024 | In contract | - | |
| In contract | |||
| May 7, 2024 | Listed by Douglas Elliman Real Estate | $2,475,000 | |
| 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
|
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
|
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
|
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
|
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
| |
|
07/31/2023
|
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
| |
|
07/13/2023
|
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