590 Lorimer
590 Lorimer Street, Brooklyn, NY 11211
Overview
590 Lorimer is a 3-unit condo in Brooklyn.
- Offering plan: Accepted May 2023 · 287 pages
- Finishes: Hardwood floors, quartzite kitchen countertops, veneered MDF cabinets, a washer and dryer in each apartment and split-system units for heating and cooling
- Prices: $1,513 a square foot on average, as first offered; $5.49 million in all ($5.18 million when first offered)
- Common charges: $428–$531 a month, the sponsor's first-year estimate
- Sponsor: Double 590 LLC, represented by Moritt Hock & Hamroff, LLP; principals Justin Lee
- Neighborhood: Williamsburg, Brooklyn
- Subway: 1-minute walk to Metropolitan Av/Lorimer St (G, L); 6 minutes to Graham Av (L)
- Amendments: 5, the latest in December 2024
- Units
- 3 residential
- Neighborhood
- Williamsburg, Brooklyn
- Subway
- 1 min walk to Metropolitan Av/Lorimer St G LGraham Av L, 6 min
- Principals
- Justin Lee
- Average $/sf
- $1,513Homes in Schedule A, as first offered
- Common charges
- $428–$531 a monthSponsor's first-year estimate in Schedule A, For the Period of July 1, 2023 to June 30, 2024
- Offering price
- $5.49 million total $5.18 million when first offered
- SubmittedSeptember 2023
- AcceptedMay 2023
- 5 amendments
- First sale
- Latest sale
Units & Prices
Sales
From city records (ACRIS), through Apr 30, 2025.
First-Year Budget
From our research: NYC Co-op and Condo Tax Abatement: Is It Worth Paying Prevailing Wage? (Board Calculator)
Ask Claude or ChatGPT: How do 590 Lorimer's common charges compare with similar buildings? →
Property Taxes
The plan's first-year tax estimate, checked against the city's real bills for 3 homes.
Each home's estimate, city bills and tax breaksSee it free →Closing Costs
The plan lists what a buyer pays at closing.
All 6 closing costs in the plan, with their pagesSee it free →The Building
Amendments
Amendment 4 Oct 21, 2024
Amendment No. 4 updates unit prices effective October 21, 2024, with pricing details shown in the updated Schedule A.
- Unit 1 (2Br/2Bth): price changed to $2,199,000
- Unit 2 (3Br/2Bth): price changed to $1,495,000
- Unit 3 (3Br/2Bth): price changed to $1,795,000
- Prices not changed for units currently under contract
- Schedule A updated for period October 1, 2024 to September 30, 2025
- Schedule A prices increased for 1 home (median +10.2%): 1 $1,995,000 → $2,199,000
Amendment 2 2023
Plan declared effective on November 21, 2023 after 15% of units were purchased; first closing anticipated December 2023.
- Plan declared effective November 21, 2023
- Three residential units purchased (100% of units offered)
- First closing anticipated December 2023
- Budget unchanged from original plan
- Amendment valid for six months from filing date
Amendment 1 2023
Unit 3 price increased effective with this amendment.
- Unit 3 price increased to $1,795,000
- Schedule A updated to reflect new Unit 3 pricing
- No price changes for units currently under contract
- Schedule A prices increased for 1 home (median +5.9%): 3 $1,695,000 → $1,795,000
Team
- Sponsor
- Double 590 LLC
- Principals
- Justin Lee
- Counsel
- Moritt Hock & Hamroff, LLP
- Tax estimate
- Highpoint Incentives, Inc.Prepared the first-year real estate tax projection
- Construction lender
- Valley National Bank$1.9 million recorded
- Title agency
- Zenith Abstract, LLCThe sponsor's title company for buyers; you can choose another · Named on p. 63
From our research: What Does a Title Agency Do, and How Do You Pick One for a NYC Condo?
Zoning
- Zoning district
- R6B
Today's zoning, from city data (PLUTO 26v2).
Nearby
- 605 Lorimer Street Condominiumnext door · 7 units · 2023
- 40 Skillman Avenue Condominiumnext door · 6 units · 2023
- 38 Skillman Avenue Condominiumnext door · 3 units · 2024
- 25 Conselyea Street Condominiumnext door · 2 units · 2024
- 21 Conselyea Street Condominiumnext door · 3 units · 2026
- 30 Skillman Avenue Condominiumnext door · 7 units · 2023
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