Three-Family Brownstone with Private
347 WARREN ST Brooklyn, NY 11201
For Sale
Contact for pricing
Built in 1899, this 3-family townhouse offers fireplaces, multiple kitchens, and a private backyard accessible from the duplex.
Property Size3,200 SF
Price / SF$1,054
Days on Market62
Property Features for 347 WARREN ST
General Information
Standard status
Active
Size
3,200 SF
Property subtype
Multifamily
Building Details
Year Built
1899
Listing Agency:
Brooklyn Vertical
Listed By:
Dov Chein · License #10311205383
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 27 at 7:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brooklyn Vertical
Investment Insights
Based on property information with market context.
This four-story, 3-family brownstone townhouse was built in 1899 and totals 15 rooms across the residences. The layout includes seven bedrooms and three bathrooms, with fireplaces and kitchens throughout. A private backyard is accessible from the duplex, providing an outdoor space connected to one of the units.
Located in the heart of Boerum Hill in Downtown Brooklyn, the property is described as about a half-block from the subway. The remarks also note a 7-minute train ride to the Lower East Side of NYC, with nearby access to amenities along Smith and Court Street’s corridors, as well as Barclays Center and Whole Foods.
For buyers and operators, the building’s multi-unit configuration supports use as an income-producing residential income property, and the remarks state there is 1,580 sq. ft. of unutilized FAR for vertical or rear expansion. The property is presented as a fit for investors considering a boutique condominium approach, as well as end-users seeking a spacious family brownstone home. Please note that showings require a call or text in advance ahead of the Sunday, May 31st open house, 5-6 pm.
Located in the heart of Boerum Hill in Downtown Brooklyn, the property is described as about a half-block from the subway. The remarks also note a 7-minute train ride to the Lower East Side of NYC, with nearby access to amenities along Smith and Court Street’s corridors, as well as Barclays Center and Whole Foods.
For buyers and operators, the building’s multi-unit configuration supports use as an income-producing residential income property, and the remarks state there is 1,580 sq. ft. of unutilized FAR for vertical or rear expansion. The property is presented as a fit for investors considering a boutique condominium approach, as well as end-users seeking a spacious family brownstone home. Please note that showings require a call or text in advance ahead of the Sunday, May 31st open house, 5-6 pm.
Key Highlights
- Built in 1899, 4‑story 3‑family brownstone townhouse with 3,200 sq. ft. and 15 rooms
- Features seven bedrooms and three bathrooms, plus fireplaces and multiple kitchens
- Private backyard accessible from the duplex
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.2k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $160.1k | $50.03 |
| − OpEx | −$48.0k | −$15.01 |
| NOI | $112.1k | $35.02 |
3,200 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,069 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,693 @ 7.0% cap · market cap 2.89%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Built in 1899, this 3-family townhouse offers fireplaces, multiple kitchens, and a private backyard accessible from the duplex.
Where is this triplex located?
The property is located at 347 WARREN ST Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: Built in 1899, 4‑story 3‑family brownstone townhouse with 3,200 sq. ft. and 15 rooms; Features seven bedrooms and three bathrooms, plus fireplaces and multiple kitchens; Private backyard accessible from the duplex
