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506 Warren St
Brooklyn, NY 11217
Retail Property For Sale
Investment Highlights
- Gut renovated, 100% free market 4.5-story mixed-use walk-up building with four (4) 3-bedroom units, two (2) 4-bedroom duplexes
- Residential units offer modern layouts, high-end appliances, and tenant-controlled HVAC systems
- Surrounded by prime Gowanus retail, bars, restaurants, and new developments
- Tax class 2B protects the underlying taxes from increasing significantly
- Long-term retail lease in place, accounting for 20% of the gross income
- Transit oriented with 12 subway and rail line options – Bergen Street station 3 blocks away and the Atlantic Avenue terminal within close proximity
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,323 SF
Building Class
C
Year Built
1931
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.57
Lot Size
0.06 AC
Zoning
R6
Frontage
26’ on Warren St
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 00399-0037 | Improvements Assessment | $1,569,600 |
| Land Assessment | $168,750 | Total Assessment | $1,738,350 |
Property Taxes
Parcel Number
00399-0037
Land Assessment
$168,750
Improvements Assessment
$1,569,600
Total Assessment
$1,738,350
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