868 Lorimer Street
868 Lorimer Street, Brooklyn, NY 11222
BBL 3026797503 · BIN 3421752
- Year built
- 2017
- Type
- Condominium
- Units
- 14
- Landmark
- No
- Amenities
- Per the offering plan, a ground-floor recreation room with kitchenette and play area opening to a landscaped courtyard, two bicycle rooms, two elevators, cellar storage and parking
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at 868 Lorimer on the Park would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
868 Lorimer is one of a small number of Greenpoint condominiums that face McCarren Park directly. It has 14 apartments, all of them two- or three-bedroom layouts of about 1,240 square feet or more, which puts it in a different size bracket from most new Greenpoint buildings.
The sponsor acquired the site in two recorded purchases in December 2014, demolished a two-story commercial building and put up a six-story building with a cellar. It closed all 14 apartments between April and August 2018. Every deed went to a separate buyer. The sponsor kept only the commercial unit. The building passes the for-sale test without qualification: there is no sponsor rental block and no unsold sponsor apartment.
Two facts matter most for carrying cost and for lenders. There is no 421-a or other tax benefit on any residential lot, so taxes are at full rate. And the building still runs on a temporary certificate of occupancy. Department of Buildings records show the temporary certificate renewed repeatedly, most recently on May 21, 2026, with no final certificate on record.
Architecture and unit composition
The offering plan describes the building as a west wing and an east wing sharing a lobby, with two elevators. The west elevator serves floors one through six. Residences sit on floors two through six in three lines:
- A line (west): three bedrooms, three baths, about 1,800 square feet, floors two through five
- B line (east): three bedrooms, three baths, about 1,525 square feet, floors two through five
- C line: two bedrooms, two baths, about 1,238 square feet, floors two through five
- PHA: three bedrooms, three baths, about 2,322 square feet, with the largest outdoor space in the building
- PHB: two bedrooms, two baths, about 1,298 square feet, with a large terrace
The plan notes that its square footages are measured to the exterior walls and the centerline of shared walls, so usable area is smaller. The single roof terrace unit can only be owned by an apartment owner. At the first sales it was bought together with PHB. Storage units can only be owned by owners of an apartment, parking unit or the commercial unit. The storage units are small, about 23 to 67 square feet. The parking units are in the cellar, reached by a garage ramp. One further van-accessible space on the ground floor is a common element.
The commercial unit has its own entrance on Manhattan Avenue. The plan permits restaurant, retail or other business use and warns of the traffic, noise and odors that can come with it. The commercial owner pays its own common charges and taxes, and can sell or lease the unit without a board right of first refusal.
Building operations
Taxes are at full rate. The Department of Finance exemption rolls for 2021 through 2027 show no exemption on any residential lot, and the plan pages we could read describe no 421-a application. At the 2026/27 taxable assessments and a Class 2 rate of roughly 12.5 percent, we estimate about $25,000 a year for a C-line apartment, about $38,000 for an A-line apartment and about $51,000 for PHA. These are our estimates from the roll, not bills. Owner-occupants may qualify for the city's co-op and condo abatement, which appears on some lots here. Check the current bill for the specific unit.
The certificate of occupancy is temporary. Temporary certificates here have been renewed since at least December 2020, and the building has closed and resold apartments on them. A buyer's lender and title company will look at this. Ask the managing agent what open items stand between the building and a final certificate, and whether any cost falls on the condominium. The plan also barred owners from altering their apartments before a permanent certificate issued. Ask whether that restriction still applies before planning a renovation.
The first-year budget in the plan ran from October 2017. No audited financial statements are on file in The Roebling Research Library. Get the current budget, reserve balance and insurance schedule from the managing agent.
Recent sales
The sponsor closed all 14 apartments in 2018. Pricing stepped up by floor within each line, and the penthouses brought the highest figures. Resales since 2020 have covered the A, B and C lines and PHB, and each has closed above the same apartment's 2018 sponsor price in nominal terms. The 2025–26 C-line resales landed close together, which gives a clear current reference for the two-bedroom line. Deeded storage and parking usually sell with the apartment. Unit-level transaction history is maintained in The Roebling Research Library and shared with clients during diligence.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jul 15, 2025 | 4C | $1,875,000 |
| Jul 26, 2024 | P5 | $2,470,000 |
| Aug 17, 2023 | 2A | $3,300,000 |
| May 8, 2020 | 5B | $2,550,000 |
| Jul 30, 2018 | S6 | $2,820,000 |
| Jan 3, 2015 | — | $4,000,000 |
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-02679-7503) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price.
Buying here? Condo closing costs with a mortgage typically run 3 to 6% of the price. See NYC co-op and condo closing costs, line by line.
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What to know if you’re buying
Underwrite full taxes from day one. No abatement means no scheduled increase from a burn-off, but the starting bill is high for the size of the apartments. Put the current bill next to the common charges when comparing with abated Greenpoint buildings of the 2008–2016 generation.
Clear the certificate of occupancy with your lender early. Order the temporary certificate history and ask the managing agent for the path to a final certificate before you sign.
List every lot in the contract. Storage, parking and the roof terrace are separate tax lots. Make sure each one you are buying is named.
What to know if you’re selling
Price against the recent resales in your line. Buyers will compare your carrying cost with abated buildings nearby, so lead with the park frontage, the layouts and the deeded storage or parking.
Have the certificate paperwork ready. A buyer's lender will ask for it, and having the current temporary certificate and the board's status letter in hand avoids delay.
Comparable buildings
- 20 Bayard Street (The Bayard Views): a larger condominium facing McCarren Park from the south, with a 421-a burn-off
- 2 Bayard Street: a 19-apartment McCarren Park condominium whose 15-year 421-a ended in 2022
- 65 Eckford Street: a 2025 south Greenpoint condominium with no exemption and deeded storage and parking
- 247 Driggs Avenue: a 19-apartment Greenpoint condominium with deeded parking and no tax abatement
- 28 Herbert Street: a 16-residence condominium on the Greenpoint–Williamsburg border
- 1080 Lorimer Street: a 29-residence Greenpoint conversion farther north on Lorimer
- 415 Leonard Street: a seven-story condominium a block south of the park, fully taxed after its 421-a expired
More Greenpoint buildings
- 533 Leonard Street — 1931 condominium
- 55 Engert Avenue (The McCarren) — 2005 condominium
- 65 Eckford Street — 2025 condominium
- 76 Engert Avenue (Northpoint Towers) — 2008 condominium
- The Greenpoint (21 India Street) — 2018 condominium
- The Huron (29 Huron Street) — 2022 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to Greenpoint.
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
Considering a move at 868 Lorimer on the Park?
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