Lemberg was the German name for the city of Lviv in Ukraine, and the city was formerly known by this name in English. However, as the Epsom Derby was won by a horse named Lemberg in 1910, shortly before the builiding of the street, it seems likely that the horse rather than the city accounts for this street-name. If so, it seems to be an isolated example, as there are no other streets in the Village named after racehorses. This is not a major problem –– the same can be said of Silvio Street off Crumlin Road.
There is a report in the Belfast News-Letter - Monday 01 January 1912 mentioning a factory for Messrs Campbell B. McNeill in Rydalmere Street and Lemberg Street. It is mentioned again in the Belfast News-Letter - Monday 01 January 1912 which refers to a factory for the Irish Linen Mesh Co. Ltd.