Residential Income Property with Triplex
45 WARREN Street 1, Manhattan, NY 10007
For Sale
$4,998,000
The multi-level residence combines entertaining areas, a studio, a private courtyard, and substantial storage.
Property Size8,400 SF
Price / SF$595
Days on Market259
Property Features for 45 WARREN Street 1
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
central air-conditioning
washer/dryer
custom lighting
video intercom security
visiting superintendent
private courtyard patio
skylight
Building Details
Building Size
Year Built
Construction
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Richard S Orenstein
(212) 381-4248
Source:
Blackandwhiteresidential
Added: Feb 24
Changed: Nov 8
Last Checked: Nov 8 at 7:39PM
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 Brown Harris Stevens Residential Sales LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,400-square-foot triplex loft occupies a boutique condominium built in 1854. Its entry level has a large living and dining area with 14-foot ceilings, wide-plank floors, oversized double-glazed windows, and a separate kitchen with a center island. A mezzanine holds the primary suite and guest quarters. Below, a skylit studio level includes a lounge with kitchenette, 2.5 bathrooms, and original brick vaults; the lower level adds storage and a spa bathroom. The residence also has central air-conditioning, a washer-dryer, custom lighting, and a private courtyard patio.
The building has five condominium units and features a key-locked elevator, video intercom, visiting superintendent, and lobby designed by Gabriel Calatrava. It is located at 45 Warren Street in New York City, on a landmarked block in Tribeca, near restaurants, shops, parks, and public transportation.
The building has five condominium units and features a key-locked elevator, video intercom, visiting superintendent, and lobby designed by Gabriel Calatrava. It is located at 45 Warren Street in New York City, on a landmarked block in Tribeca, near restaurants, shops, parks, and public transportation.
Key Highlights
- 8,400‑square‑foot triplex loft with a private courtyard patio
- 14‑foot ceilings in the main living and dining area
- Skylit studio level with lounge, kitchenette, and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$267,750
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,355,000
$5.4M
Cap Rate 7%
$3,825,000
$3.8M
Cap Rate 9%
$2,975,000
$3.0M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$504.0K $60.00/SF
− Vacancy
−$75.6K −$9.00/SF
EGI
$428.4K $51.00/SF
− OpEx
−$160.7K −$19.13/SF
NOI
$267.8K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,355,000
Cap Rate 7%
$3,825,000
Cap Rate 9%
$2,975,000
Alternative Uses
Best Use
Mixed Use
$3.82M
$3.35M – $4.46M
NOI $267,750 @ 7.0% cap · market cap 5.36%
Second Best
Office B
$3.76M
$3.29M – $4.38M
NOI $263,027 @ 7.0% cap · market cap 5.26%
Theoretical Best
Specialty Retail
$20.91M
$18.30M – $24.39M
NOI $1,463,616 @ 7.0% cap · market cap 29.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
34,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 10007, NY
8,421
Population
3,711
Households
2.3
Avg Household Size
35
Median Age
86%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
42,105
Density / Sq Mi
$250,001
Median Household Income
$150,470
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Residential income property - The multi-level residence combines entertaining areas, a studio, a private courtyard, and substantial storage.
Where is this residential income property located?
The property is located at 45 WARREN Street 1 Manhattan, NY.
What is the asking price?
The asking price for this property is $4,998,000.
What are key features of this property?
This property features: 8,400‑square‑foot triplex loft with a private courtyard patio; 14‑foot ceilings in the main living and dining area; Skylit studio level with lounge, kitchenette, and 2.5 bathrooms
