429 Warren St
Listing Notes
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)
Price in context
Cheaper than 25% of the 24 homes listed nearby right now, which run $2,100,000 to $4,675,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 265 State St Apt 1111 | $2,100,000 | 2 bd · 2 ba |
| 251 Bergen St | $2,200,000 | 4 bd · 5 ba |
| 251 Bergen St Unit Mixed | $2,200,000 | 4 bd · 4 ba |
| 84 Douglass St | $2,200,000 | 3 ba |
| 101 Butler St Unit Cd | $2,275,000 | 3 bd · 2 ba |
| 192 Butler St Lot 12 | $2,495,000 | — |
| 265 State St Apt 809 | $2,495,000 | 3 bd · 3 ba |
| 318 Bond St | $2,749,997 | — |
| 440 Atlantic Ave Ph 1 | $2,750,000 | 3 bd · 2 ba |
| 316 Bond St | $2,750,000 | — |
| 265 State St Apt 1507 | $2,795,000 | 3 bd · 2.5 ba |
| 265 State St Apt 1201 | $2,850,000 | 3 bd · 3 ba |
| 8 St Marks Pl # A | $2,875,000 | 3 bd · 2 ba |
| 362 Atlantic Ave | $2,900,000 | 4 bd · 5 ba |
| 362 Atlantic Ave | $2,900,000 | 4 bd · 5 ba |
| 353 Warren St | $3,000,000 | 6 bd · 4 ba |
| 455 Union St | $3,150,000 | 3 bd · 4 ba |
| 185 Bergen St | $3,250,000 | Studio |
| 379 Atlantic Ave | $3,500,000 | 7 bd · 3 ba |
| 217 Dean St | $3,750,000 | 5 bd · 3 ba |
| 478 State St | $3,995,000 | 5 bd · 4 ba |
| 265 Hoyt St | $4,388,000 | 4 bd · 4 ba |
| 436 State St Unit 1 | $4,500,000 | 4 bd · 4 ba |
| 265 State St Apt Ph 2 | $4,675,000 | 4 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more