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12 WARREN Place
About This Property
Spanning across three levels, the home features exposed brick, original beamed ceilings, hardwood floors, and two decorative fireplaces. The entry level offers a welcoming sitting area with a decorative mantel and a sun-filled living room with custom built-ins and ample closet space. French glass doors provide privacy for the living room, which could also serve as a third bedroom. Upstairs, a skylit stairwell leads to two bright bedrooms with fully outfitted closets, a full bath, and a convenient washer/dryer.
The garden level reveals a thoughtfully designed cook's kitchen with a Bertazzoni range, new appliances, and open dining anchored by the second fireplace and exposed brick walls. A flexible office nook and additional full bathroom complete this floor.
Step outside to your private cobblestone patio and gardena which is a secluded retreat with mature trees, birdsong, and a touch of countryside magic. 12 Warren Place combines historic character with modern updates, remarkably low carrying costs, and a location in the heart of Cobble Hill.
Live just five minutes from world-class Brooklyn Bridge Park. Great restaurants, greengrocers, and boutiques line Henry Street, Atlantic Avenue, Court Street, and the Cobble Hill Waterfront District. 12 Warren Place is five to ten minutes from the Bergen Street stop on the F train, and a little farther to the express trains at Borough Hall. This home is zoned for PS 29.
I can confidently say you will love it on Warren Place... I live here too!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017