Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a newly developed residential elevator building located on the east side of Lorimer Street between Skillman Avenue and Jackson Street. Designed by ODA Architecture, the building has a striking glass facade and consists of 12 large residential units with condo level finishes, 10 of which have outdoor space. Four of the units are 3-BR/2-BA and eight are 1-BR/1-BA. Common amenities include a virtual doorman, package room, a 1,200 SF roof-top with elevator access, and a storage area for bikes. The building will benefit from a 15-year 421A tax abatement that will take effect in 2017. The apartments are also superior to the renovated buildings in the area which have achieved over $60 per SF and recently developed product achieving over $70 per SF. Alternatively, since the property was originally designed as a condo building, the Schedule A (pending) would allow a buyer the flexibility to sell units individually immediately in an area that has seen sellouts in excess of $2,000 per SF with the average falling in the range of $1,500-$1,600 per SF. It is located less than two blocks from the combined Lorimer Street L and Metropolitan Avenue G subway stop. Additionally, the property is only four blocks south of McCarren Park and in close proximity to neighborhood hot spots such as Lilia, Reunion, Sugarburg, and Union Pool. This is a rare opportunity to acquire a newly developed, turn-key residential building in the heart of Williamsburg.