Brooklyn Apartment with Backyard
For Sale
$710,000
Pending
575 Warren St 4R, Brooklyn, NY 11217
Two-bedroom apartment with backyard access and basement storage.
Property Size730 SF
Days on Market316
Property Features for 575 Warren St 4R
General Information
Standard status
Pending
Size
730 SF
Property subtype
Residential
Building Details
Building Size
730 SF
Year Built
1931
Listed By:
Melissa Torres CBR
(718) 848-5900
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 4
Last Checked: Oct 9 at 11:42PM
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 Melissa Torres CBR
Investment Insights
Based on property information with market context.
This fourth-floor walk-up apartment is located on a tree-lined block and includes access to a backyard and a storage unit in the basement. The unit features two bedrooms, a bonus room, a kitchen, a bathroom, and a living room. It is situated within walking distance of the Barclay Center, a shopping area, transportation options, banks, and supermarkets. The property offers lots of potential.
Key Highlights
- Walk to Barclay Center, shopping, transportation, banks, and supermarkets.
- Enjoy the use of the backyard.
- Includes a storage unit in the basement.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,286
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,720
$445.7K
Cap Rate 7%
$318,371
$318.4K
Cap Rate 9%
$247,622
$247.6K
Market Conditions
NOI Build-Up for 730 SF
Gross rent
$41.3K $56.64/SF
− Vacancy
−$827 −$1.13/SF
EGI
$40.5K $55.51/SF
− OpEx
−$18.2K −$24.98/SF
NOI
$22.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,720
Cap Rate 7%
$318,371
Cap Rate 9%
$247,622
Alternative Uses
Best Use
Apartment 5plus
$318.4K
$278.6K – $371.4K
NOI $22,286 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$604.4K
$528.9K – $705.2K
NOI $42,311 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,650
Businesses Nearby
Explore this area
Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom apartment with backyard access and basement storage.
Where is this apartment building located?
The property is located at 575 Warren St 4R Brooklyn, NY.
What is the asking price?
The asking price for this property is $710,000.
What are key features of this property?
This property features: Walk to Barclay Center, shopping, transportation, banks, and supermarkets.; Enjoy the use of the backyard.; Includes a storage unit in the basement.
