482 Warren Street
Dont miss this golden opportunity for home buyers and investors. Priced below $1000/SqFt with up to $180k in annual rent, this property can pay for itself while building equity and passive income every year. Or, you can live in one of the renovated units and have the rentals pay the majority of your mortgage – within a few years you could start making passive income while living for free as rental prices continue to rise. What also makes this deal stands out vs comparable listings is that you will also save 1% mansion tax as this property is registered as a four family. According to the record this property still has a 1700 sqft of buildable additions horizontally or vertically. This goldmine is for sale because the owners moved to the west coast.
The property consists of 3 units. The owner’s duplex is a 3 BR, 2 BA with a huge garden. Spacious eat-in kitchen with new stainless steel appliances and granite countertops. Large living area with space for additional seating or formal dining area. King-sized Master BR faces the garden, with his & hers closets. Two more bedrooms plus extra space for office area. Two newly renovated modern, full bathrooms on each floor. Bonus 800 sq ft of unfinished basement with tons of storage and front loading washer/dryer. Serene, private garden in the back with wooden deck and beautiful landscaping. This unit is currently rented furnished but can be delivered vacant.
The two other units are spacious 2 BR apt with an open living, dining, kitchen 20×15 open space with tons of natural light, hardwoods and exposed brick. The top floor unit, fully renovated in 2016, is also rented furnished and can be delivered vacant. The 3rd floor unit has an excellent tenant whose lease is up in September.
This home is well-maintained with several major renovations and updates in the past 5 years. New windows, roof, water heater; new kitchens and bathrooms; refinished floors; front and rear facades re-pointed, painted and sealed.
The home is located within a short walk to all the finest restaurants and boutiques on Smith/Court/Atlantic Streets and is a short walk to almost every major subway line into Manhattan. This block on Warren Street boasts friendly and welcoming neighbors from young professionals and families, to creatives and retirees. Nearby Gowanus is developing every day with new art galleries, restaurants and high-end boutique hotels. Dont miss out on this great opportunity.
Disclaimer: Square footage numbers are only estimates. If a potential purchaser is concerned about the square footage of the property, purchaser must engage a professional to assist him or her in calculating and understanding the methodology of calculating square footage.