For Sale
$4,625,000

479 Warren St Brooklyn, NY 11217

Nine-unit building, strong cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional nine-unit multifamily building at 479 Warren Street in Brooklyn's desirable Boerum Hill neighborhood presents a compelling investment opportunity. The property boasts approximately 5,880 square feet across four stories and sits on a 26.25-foot-wide lot. The building comprises a mix of six free-market and three rent-stabilized units, offering a balanced income stream. Its prime location offers easy access to a robust public transportation network, including the 2, 3, 4, 5, B, D, N, Q, and R subway lines at the nearby Atlantic Avenue-Barclays Center station. The property benefits from its proximity to the significant residential development underway in Gowanus, further enhancing its long-term growth potential. With a proven track record of strong occupancy rates, this asset represents a stable and attractive investment in a thriving Brooklyn market. The asking price is $4,625,000, and the property offers a 6.00% cap rate. This is a rare opportunity to acquire a well-maintained multifamily building in a highly sought-after location. The building's size and unit mix provide a solid foundation for future growth and appreciation.

Highlights

  • Nine-unit multifamily building in Boerum Hill, Brooklyn.
  • Approximately 5,880 square feet on a 26.25-foot-wide lot.
  • Six free-market and three rent-stabilized units.
  • Excellent location near multiple subway lines (2, 3, 4, 5, B, D, N, Q, R) at Atlantic Avenue-Barclays Center.
  • $4,625,000 asking price with a 6.00% cap rate.

Property Details for 479 Warren St

Property type
Apartment buildings
Square Feet
5,880 SF
Stories
4
Units
9

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6832649
Longitude
-73.9852421

FAQs

What type of property is this?
Apartment building - Nine-unit building, strong cap rate.
Where is the apartment building located?
The property is located at 479 Warren St Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,625,000.
What are key features of this property?
This property features: Nine-unit multifamily building in Boerum Hill, Brooklyn.; Approximately 5,880 square feet on a 26.25-foot-wide lot.; Six free-market and three rent-stabilized units.
How can I contact the broker?
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479 Warren St
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