Prime Brooklyn | Boerum Hill | 6.6% Cap Rate

For Sale

479 Warren St, Brooklyn, NY 11217

This Brooklyn property for sale is located at 479 Warren St. The current listed sale price for Prime Brooklyn | Boerum Hill | 6.6% Cap Rate is $4,950,000. Prime Brooklyn | Boerum Hill | 6.6% Cap Rate is situated on a lot that is 0.06 acre in size.

Contacts

Lev Mavashev

Alpha Realty

Daniel Aminov

Alpha Realty

Property Details

  • Property Type Multi-Family
  • Property Size 6,631 SF
  • Units 9
  • Lot Size 0.06 Acre
  • Cap Rate % 6.6
  • # of Floors 4
  • Year Built 1920
  • Date Updated Jul 27, 2026

  • 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).

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Getting around

  • 94/100

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  • 100/100

    Transit Score ®

  • 95/100

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Location

  • City Brooklyn, NY
  • Neighborhood Gowanus
  • Zip Code 11217
  • Market Brooklyn

Points of Interest

  • Arecibo

    0.50 miles

  • Carroll Street

    0.56 miles

  • Jay Street–MetroTech

    0.63 miles

  • Borough Hall

    0.71 miles

  • brooklyn taxi company

    0.73 miles

  • 9th Street

    0.88 miles

  • Castle

    0.89 miles

  • 4th Ave - 9th Street (R) to Bay Ridge

    0.90 miles

  • 4th Ave - 9th Street (R) to Queens

    0.91 miles

  • 4th Avenue

    0.93 miles

  • Shell

    0.15 miles

  • Tesla Supercharger

    0.56 miles

  • Mobil

    0.78 miles

  • Gulf

    0.97 miles

  • BP

    0.97 miles

  • Sunoco

    1.02 miles

  • plugNYC

    1.03 miles

  • American Quick Start Auto Center

    1.25 miles

  • EVgo

    1.90 miles

  • ChargePoint

    1.98 miles

  • Edison ParkFast

    0.41 miles

  • The Parking Club

    0.59 miles

  • Garfield Garage

    0.83 miles

  • Cielo Garage

    1.01 miles

  • Rapid Park

    1.02 miles

  • Underhill Garage

    1.10 miles

  • NYPD Brooklyn Tow Pound

    1.26 miles

  • MPG

    1.29 miles

  • Car Park Systems

    1.29 miles

  • Ultra Car Park Systems

    1.29 miles

  • The Baltic Hotel

    0.05 miles

  • Fairfield Inn

    0.21 miles

  • Union Hotel

    0.30 miles

  • Holiday Inn Brooklyn Downtown

    0.32 miles

  • Ace Hotel

    0.32 miles

  • EVEN Hotel

    0.35 miles

  • Sonder: The Industrialist

    0.39 miles

  • Tru by Hilton

    0.39 miles

  • Towneplace Suites

    0.41 miles

  • Nu Hotel

    0.43 miles

  • C-Town

    0.17 miles

  • Foodtown

    0.25 miles

  • Food Garden Market

    0.27 miles

  • Dumbo Market

    0.35 miles

  • Brooklyn Fare

    0.38 miles

  • Whole Foods Market

    0.40 miles

  • Cookie's

    0.44 miles

  • Atlantic Terminal

    0.44 miles

  • Burlington

    0.46 miles

  • Green Ivy

    0.46 miles

Contact Prime Brooklyn | Boerum Hill | 6.6% Cap Rate
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