# 5 Lorimer Street, Brooklyn

Condominium · 12 units · built 2002 · Block 2240, Lot 7516.

On Umarelli: https://umarelli.org/nyc/3022407516/5-lorimer-street

More construction in Williamsburg: https://umarelli.org/nyc/brooklyn/williamsburg.md

Every lot on block 2240: https://umarelli.org/nyc/brooklyn/2240.md

## Building permits

No building permits on file for this lot.

## Property taxes

- Assessment: $1,689,752
- 2026–27 tax: $173,744
- Market value (city estimate): $3,755,000
- Taxable value: $1,609,914
- Assessed land: $279,450
- Assessed improvements: $1,410,302
- Condo units with their own tax lots: 12

## Tax breaks

- Co-op and condo abatement, with no end date, a $26,513 credit this tax year.

## Zoning

R7-1: floor area ratio 3.86 built, above the 3.44 base zoning allows, which bonuses, transfers or older rules can permit.

## Recent sales

- Mar 23, 2023: $800,000, Apt 5B
- Aug 19, 2020: $1,535,000, Apt 2B
- Dec 15, 2016: $435,000, Apt 5A

Open-market sales since 2016, from the Department of Finance’s sales files.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard. FEMA’s preliminary map: zone X, moderate risk: a 0.2% chance of flooding each year.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology