Overview

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)

Property Features