482 Warren Street

This is a Multi-Family Home located in Trendy Boerum Hill, Brooklyn, NY. The property features 3,200 square feet of interior finished living space in a 20 wide x 40 feet wide structure, plus another 800 square feet of unfinished basement, sitting on a lot size of approximately 2000 square feet with up to 17OO qsft of potential build-able additions. 

The following link shows comparable sold listing in the past 12 months. Kindly take a moment and compare the value you are getting to those that recently sold. 

https://streeteasy.com/multi-family/boerum-hill/status:sold%7Cprice:-9000000%7Cppsf:1000-%7Csqft%3E=3000%7Cbeds%3E=4%7Cbaths%3E=3

Welcome to your large, bright and modern 3 BR, 2 BA Duplex with a large garden on quaint, tree lined block in Boerum Hill.
You will enter into the large eat in kitchen with new stainless steel appliances and black galaxy marble countertops. 

Pass by the first newly renovated full bathroom to the large living area.  The room brags plenty of space for a large sectional along with a separate seating or formal dining area.  

Walk down the staircase which is lined with a beautiful custom-built modern wood banister and exposed brick.

Downstairs you will enter the serene master bedroom featuring his & hers closets, extra space for king size bed, and bright light coming from the 2 windows facing the garden.

There are two more bedrooms on the same floor, in addition to extra space for a desk and chair, and the second full bathroom which was also recently renovated.

There are hardwood floors throughout with plenty of closets and storage, including the unfinished 800 sq ft basement with front loader washer and dryer.
 

In the past 10 years properties prices in Boerum Hill have been increasing by approximately 10% every year. With the current major development of the Gowanus neighborhood located within blocks, the prices are expected to keep increasing at an even higher rate.  This property could see a $200-300k increase in value annually. 

 

Rents are also increasing every year, which makes this a fantastic investment,  There are two upper unit apartments, each is a 2 BR at 800 sq ft each. Both are rented furnished  for an average of $5500 per month. $6k per year pet unit.  That is 132K per year from the two rentals.  The duplex is is also rented furnished  with an average annual rent of $96,000 per year.  All units can be delivered vacant if needed.  The surrounding area is getting more developed by the minute.  High end condos, hotels with roof decks, along with new restaurants and galleries, are all in the works.  This will only elevate property values more.

 

The house is currently registered as a four family.  This means that you, the Buyer, will avoid the 1% mansion tax at closing.  This home also has 1400 sq ft buildable FAR, allowing this to to be a great candidate to expand and convert to condo if desired. 

Your block is filled with diversity from long-term residents to young families; from young professionals to successful writers, artists and actors; from children to retirees.   It is a tight-knit and involved block with its own online forum.  Every September you will attend the annual block party, a popular event with BBQs, ponies and live bands.

 

Your neighbors are some of the coolest, friendliest and most down to earth families and individuals. You will be living among individuals with great values who are very involved with their community.  You will make many new friends and enjoy a real neighborly family culture, a rarity in big city life. 

 

Realtors call Boerum Hill "Hollywood East" to let buyers know indirectly that star sightings and befriending is about to become quite normal in their future life. What that tells you is that you are not just investing in Brooklyn’s best kept secret real-estate, but you are also going to have some pretty cool and interesting neigbors. Why?  Because they chose to live in Boerum Hill just like you did. 

 

The house is located on a beautiful and quaint tree-lined street in Boerum Hill at the edge of the fast-developing Gowanus neighborhood.    The streets of Boerum Hill boast the coveted charm of Brooklyn, from historical brownstones to unique shopping and restaurants to please every foodie.  Personal favorites include Building on Bond, Rucola, MIle End, and don't forget ice cream at Van Luewen's.  With neighboring sister neighborhoods, Cobble HIll and Carroll Gardens, you have the best of BoCoCa to choose from.  Combine its feel-good charm with convenient subway access, and it’s easy to understand this neighborhood's not-so-secret popularity.  

 

Within short walking distance are: Smith St & Court St shops, restaurants and bars, Atlantic center shops, Target, Barclays Center, Whole Foods & Trader Joe's.  Just a few short blocks to almost all major subway lines: F&G line at Bergen St, Atlantic Center (B, D, N, R, Q, 2, 3, 4, 5) and A&C at Schemerhorn.