583 Lorimer St #4
Brooklyn, NY 11211
Williamsburg
Studio
2,500 sqft
Studio
2,500 sqft
Local Information
© Google
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Description
INVESTMENT OPPORTUNITY! BRING OFFERS! Solid rent roll in place, with potential for future lease renewals to be adjusted to current rental market value. Location is perfect, directly across the street from subway entrance and five minutes to union square ensures future longevity in rental tenants. Future build out potential 7000SF total and 80ft height max. Low yearly running costs. Net Operation Income: $104,247.00 per year (Gross is $119,400.00 and gross expenses $15,153.02) This Four unit multi-family building located directly across the street from the Lorimer Street L train station provides easy access to Manhattan. Along with cafe's, bagel shops, retail stores, bicycle shops and restaurants, this area is very desirable for tenants to live. The building underwent several renovations including Facade, complete new insulation around entire building; Roof, New rubber roll on roof; All new Windows, new double pane insulated; Security System, 6 cameras around the exterior,entrance and basement; Electric, new electric run through entire building and new meters; Boilers, each unit has their own boiler for heat which greatly reduces annual running costs. Back yard, New Plant/gardening area and new cement and drainage. The building contains 4 rental units of which three are converted 3 bedroom and one is a 2 bedroom. Laundry in building. FULL CELLAR, and wonderful huge BACK YARD (25ft x 50ft). The building has been very well maintained and the ground floor is zoned for small commercial space. Demand for rental apartments in williamsburg is high. You can live in the entire building, or in one of the apartments and keep the other 3 rented. The choice is yours. FOR FURTHER INFORMATION OR INSPECTION PLEASE CONTACT THE EXCLUSIVE AGENT: Paul Hunt 646-641-3252
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago
Home Details for 583 Lorimer St #4
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Levels, Entrance, & Accessibility Stories: 6 |
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Exterior Home Features Roof: Other |
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Year Built Year Built: 1930 |
Property Type / Style Property Type: Single Family Home |
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Units in Building: 10 |
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Lot Area: 2500 sqft |
Price History for 583 Lorimer St #4
| Date | Price | Event | Source |
|---|---|---|---|
| 02/10/2022 | $10,800,000 | Sold | N/A |
| 09/19/2013 | $2,250,000 | Sold | N/A |
| 12/06/2012 | $1,550,000 | ListingRemoved | Agent Provided |
| 04/25/2012 | $1,550,000 | Listed For Sale | Agent Provided |
| 03/04/1999 | $220,000 | Sold | N/A |
Market trends in Williamsburg
Last updated April 2026
Avg. sale price
$1.27M $102KMoM
Sale-to-List Price
—
Price per sq ft
$1.31K $32MoM
Available listings
256 13MoM
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $34,331 |
| Assessment | $3,543,000 |
Home facts updated by county records
Comparable Sales for 583 Lorimer St #4
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.24 | Single-Family Home | $7,500,000 | 05/22/26 | - | 3,734 | ||
0.10 | Single-Family Home | $4,600,000 | 04/16/26 | 5 | 4 | 2,290 | |
0.26 | Single-Family Home | $3,500,000 | 02/12/26 | - | 3,376 | ||
0.03 | Single-Family Home | $2,300,000 | 12/29/25 | - | 1,440 | ||
0.34 | Single-Family Home | $4,350,000 | 04/08/26 | - | 3,600 | ||
0.43 | Single-Family Home | $3,500,000 | 03/03/26 | - | 3,000 | ||
0.39 | Single-Family Home | $4,600,000 | 12/25/25 | - | 3,300 | ||
0.44 | Single-Family Home | $2,300,000 | 04/14/26 | - | 2,750 | ||
0.55 | Single-Family Home | $3,200,000 | 10/30/25 | - | 2,625 | ||
0.39 | Single-Family Home | $4,600,000 | 12/24/25 | - | 5,300 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.
FOR SALEListing by: Corcoran, Active
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Assigned Schools
These are the assigned schools for 583 Lorimer St #4.
- Ps 17 Henry D Woodworth
- PK-5
- Public
- 199 Students
8/10GreatSchools RatingParent Rating AverageThis school lack proper teaching to prepare kids for the next grade. The kids are bullies and the teachers have favoritism towards the children. All the African American students face discrimination and it’s known in the community not to attend this school. My child would come home with scratches on her face and they broke her favorite water bottle then lied about it but refused camera footage. The kinder teacher was extremely mean and Im still furious about the situation. They cater to white families and the school has low percentage of diversity.Parent Review8mo ago - John Ericsson Middle School 126
- 6-8
- Public
- 158 Students
6/10GreatSchools RatingParent Rating AverageMy son enjoyed 6th grade at MS126 and is looking forward going into 7th. The school provides a strong foundation and shows genuine interest in our kids. The principal Mr. Goettleman is absolutely wonderful ! he has made lots of improvements in the school which has turned it around. They offer a lot of exposure to our children providing different programs and activities, and they provide a terrific learning environment with programs in STEM. The school is committed to innovative methods of teaching to help students excel academically and being one of the smaller middle schools in the area they have more one on one time with teachers and better communication in the classroom. The staff and teachers at MS126 show a lot of interest in our kids they connect with students and we appreciate them !Thank you !Parent Review9mo ago - Brooklyn Preparatory High School
- 9-12
- Public
- 587 Students
9/10GreatSchools RatingParent Rating AverageBrooklyn Preparatory High School is a small school in Williamsburg, with a lot to offer. As a sophomore in this school I can confidently say that this school is full of opportunities, caring staff, and strong school culture. When applying to high schools I had originally put this school towards the bottom, as I was skeptical of some aspects and was not sure if I was ready to accept this school offer. Regardless, as soon as I entered this school, freshman year, I was almost overwhelmed with opportunities – ranging from paid internships, inclusivity clubs, countless AP and dual enrollment courses, paid opportunities in the school, leadership roles, and many sports. Not only did these chances make me fall in love with my school but the staff as well. Each teacher has a genuine passion for teaching and they all truly care for each student. I feel safe and open in all my classes and the community in this school is like no other. This school is full of genuine people too, I have quickly made friends with students of all races, ages, and backgrounds. I am personally very passionate about college and pursuing a career after school, and that is one reason why I am so happy to end up at this school. The college prep that this school offers is unmatched, and so supportive. Each staff member encourages every individual student and pushes them to work harder, do better and be stronger. It is hard to grasp and put into words all this school has to offer but in my personal opinion it is like no other, and no matter who you are I can guarantee there is something here for you.Student Review1y ago 
Check out schools near 583 Lorimer St #4.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Williamsburg
At least 1236 Trulia users voted on each feature.
92 % Say it's walkable to grocery stores
92 % Say there are sidewalks
91 % Say it's walkable to restaurants
90 % Say it's dog friendly
76 % Say streets are well-lit
76 % Say people would walk alone at night
61 % Say kids play outside
57 % Say there's holiday spirit
54 % Say they plan to stay for at least 5 years
53 % Say neighbors are friendly
40 % Say there are community events
38 % Say it's quiet
36 % Say parking is easy
31 % Say yards are well-kept
27 % Say car is needed
25 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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583 Lorimer St #4, Brooklyn, NY 11211 is a studio, 2,500 sqft single-family home built in 1930. 583 Lorimer St #4 is located in Williamsburg, Brooklyn. This property is not currently available for sale. 583 Lorimer St #4 was last sold on Feb 10, 2022 for $10,800,000. The current Trulia Estimate for 583 Lorimer St #4 is $4,755,000.