3 story mixed-use building in Boerum Hill


Property

Website:https://www.nestseekers.com/2131962
Address:
429 Warren St
Brooklyn, NY 11217
Ownership: Mixed Use
Type: Mixed Use
Pets: Pets Allowed
Area: 2760 sq ft

Financials

Price: $3,495,000
Annual Taxes: $6,334

Description

Welcome to 429 Warren Street, a 3 story mixed-use building located in the heart of Boerum Hill, Brooklyn. The building is set up as a 2 family unit on the 2nd and 3rd floor with a commercial store or office on the 1st level.

Each floor averages to around 920 sf. There is also a private outdoor terrace on the 2nd floor and a private parking garage as well. This would be perfect for a primary owner who enjoys receiving incremental income as well as running a business. OR an investor and developer that would convert the building into condos with the additional FAR. The 2 residential units are currently rented out. Can be delivered occupied or vacant.

The building is situated within one of the most sought after Brooklyn neighborhoods, walking distance to F/G/A/C subway lines, also nearby are the popular shops, restaurants, and services in Boerum Hill and Carroll Gardens. You also are close to Atlantic Avenue and the Barclays Center.

Current breakdown below

Total SF: 2,760

Building dimensions: 23 ft x 40 ft

Lot dimensions: 23.5 ft x 60 ft

Annual property tax: $6,334

Zoning: R6B

Other annual expenses for 2020 (estimates):

Insurance: $3,348

Water: $914

Coned: $578

Projected and current rent:

Commercial if retail: $6,000 per month

Garage: $1,200 to $1,500 per month

2nd floor: $3,850 per month currently (2bed/1bath)

3rd floor: $3,342 per month currently ( 2beds/1baths)

Amenities

  • A/C units
  • Back Yard
  • City View
  • Garage
  • Home Office
  • Live Work
  • Private Entrance

Exposures

  • East
  • North
  • South
  • West

Contact

Andy H. Kim
Managing Director
Westside Licensed Associate Broker
Olesia Goncharova
Licensed Real Estate Salesperson
Nevo Yemini
Licensed Real Estate Salesperson
505 Park Ave, New York, NY 10022

429 Warren St, Brooklyn, NY 11217, USA