NOT LISTED FOR SALE

543 Lorimer St Brooklyn, NY 11211

Williamsburg Neighborhood

Estimated Value: $1,450,000 - $1,745,000

5 Beds
2 Baths
1,512 Sq Ft
$1,071/Sq Ft Est. Value

Last Sold July 12, 2024

Last sale price $1,400,000 $926 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,854/month

441 Days on Market

Highlights

  • Property is near public transit
  • 1-minute walk to Lorimer Street (L Line)
  • Hot Water Heating System
  • Eat-In Kitchen
  • Zoned Cooling
  • 4-minute walk to Father Giorgio Triangle

About This Home

As of July 2024

Legal 2 Family Building in the Heart of Williamsburg 2 Bedrooms over 3 Bedrooms - Property being sold AS-IS

Last Agent to Sell the Property

Jerome Paolillo

Signature Premier Properties Brokerage Phone: 516-703-3378 License #10401233571 Listed on: 02/23/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,941

Year Built

  • Built in 1901

Lot Details

  • 843 Sq Ft Lot
  • Lot Dimensions are 18.33x46
  • Two or More Common Walls

Parking

  • On-Street Parking

Home Design

  • Tri-Level Property
  • Brick Exterior Construction
  • Cedar

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Schools

  • Academy Of Arts And Letters Middle School
  • Acorn Community High School

Utilities

  • Zoned Cooling
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Eat-In Kitchen
  • Partial Basement
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 33 / 2767
  • Assessor Parcel Number 02767-0033

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,941

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Architectural Style: Tri-Level
  • Property SubType: Multi Family
  • Property Condition: Fair
  • Levels: Two
  • Year Built: 1901
  • New Construction: No
  • Attribution Contact: 516-703-3378
  • BuildingSize: 45x85
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Eat-in Kitchen
  • Living Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Full Bathrooms: 2
  • Basement: Partial, Unfinished
  • Total Bedrooms: 5
  • NumberOfKitchens: 2

Exterior Features

  • Construction Materials: Brick, Cedar
  • FloodZoneReportYN: 1

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Parking Description: On Street

Utilities

  • Cooling: Zoned
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Sewer: Public Sewer
  • Water Source: Public
  • GarbageRemoval: Public
  • Hot Water: Gas Stand Alone
  • NumberOfHeatingZones: 2

Association/Amenities

  • Community Features: Near Public Transportation

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Academy Of Arts And Letters

Lot Info

  • Lot Size Acres: 0.02
  • Lot Dimensions: 18.33x46
  • Lot Size Sq Ft: 843
  • Lot Size Units: Acres
  • Lot Features: Near Public Transit
  • Parcel Number: 02767-0033
  • Property Attached: Yes
  • ResoLotSizeUnits: Acres
  • FloodZoneDate: 2023-02-24

Rental Info

  • Lease Considered: No
  • Tenant Pays: All Utilities
  • Available Date: 2024-06-07

Multi Family

  • Units Total: 2
  • Separate Electric Meters: 2
  • Separate Gas Meters: 2
  • NumberOf2Bedrooms: 2

Tax Info

  • Tax Annual Amount: 3941
  • Tax Block: 2767
  • Tax Lot: 33
  • Tax Map Number: 02767-0033
  • IncludedInTaxes: Sewer,Trash

MLS Schools

  • High School: Acorn Community High School
  • Middle School District: Brooklyn 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Jul 12, 2024
Sold by
Frabosilo Judith
Bought by
543 Lorimer Llc
Seller's Agent
Jerome Paolillo
Signature Premier Properties
Buyer's Agent
Jerome Paolillo
Compass
List Price
$1,999,000
Sold Price
$1,400,000
Premium/Discount to List
-$599,000
-29.96%
Views
226
Current Estimated Value
$1,619,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,004
Avg. Annual Appreciation
10.47%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
543 Lorimer Llc $1,400,000 --
543 Lorimer Llc $1,400,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2024 07/12/24 Sold $1,400,000 -30.0% $926 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
03/10/2023 03/10/23 For Sale $1,999,000 +42.8% $1,322 / Sq Ft
03/09/2023 03/09/23 Off Market $1,400,000 -- --
02/23/2023 02/23/23 For Sale $1,999,000 -- $1,322 / Sq Ft
Source: OneKey® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,454 $112,560 $11,340 $101,220
2024 $4,454 $99,600 $11,340 $88,260
2023 $4,249 $103,020 $11,340 $91,680
2022 $3,941 $93,480 $11,340 $82,140
2021 $3,921 $95,580 $11,340 $84,240
2020 $2,941 $102,960 $11,340 $91,620
2019 $3,866 $102,960 $11,340 $91,620
2018 $3,554 $17,434 $2,077 $15,357
2017 $3,353 $16,449 $2,389 $14,060
2016 $3,104 $15,525 $3,044 $12,481
2015 $1,652 $15,525 $4,566 $10,959
2014 $1,652 $15,400 $5,435 $9,965
Source: Public Records

Agents Affiliated with this Home

  • Jerome Paolillo

    Seller's Agent in 2024

    Jerome Paolillo

    Signature Premier Properties

    (516) 404-4512

    1 in this area

    11 Total Sales

    Jerome Paolillo
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Map

Source: OneKey® MLS

MLS Number: KEY3460322

OneKey® MLS

APN: 02767-0033

New York Kings County Brooklyn 11211 Williamsburg

543 Lorimer St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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