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479 Warren Street
Featured Listings
479 Warren Street
Prime Brooklyn Multifamily | 7.3% Cap Rate
$4,500,000
Sales price
$679/SF
Price per Ft
7.3%
Cap Rate
- Prime Turnkey 9-Unit Multifamily: A meticulously maintained four-story asset in a high-demand submarket, offering a seamless entry for yield-seeking investors.
- Protected Tax Class 2B: Rare "protected" designation with legal caps on assessment increases—no more than 8% annually or 30% over five years—providing an essential hedge against rising operational costs.
- 66% Free-Market Portfolio: High-yield flexibility with a majority of units exempt from rent regulation, ensuring strong immediate cash flow and long-term appreciation.
- Comprehensive Capital Improvements: Significant upgrades within the last 3–5 years, including a new roof, reimagined hallways, and modernized plumbing.
- Optimized Utility Structure: All free-market units feature individual heat and hot water tanks, shifting utility burdens to tenants and boosting Net Operating Income (NOI).
