Meet 59 Devoe Street, a rare fully-occupied Williamsburg investment property offering a cap rate of 5.85%. Set on a quiet, picturesque block just moments from both the L and G trains, this fully renovated three-family townhouse pairs clean, modern interiors with strong, reliable income in one of Brooklyn's most… Read More consistently high-performing neighborhoods. Configured as sweet floor-through residences, each home offers generous proportions, two full bathrooms, and the kind of thoughtful renovation that attracts and retains excellent tenants. The layouts feel intentional, the finishes feel current, and the building has been meticulously updated from top to bottom - allowing the next owner to step into a truly turnkey asset. With nearly $200,000 in annual rent roll and a 5.85% cap rate, the property delivers immediate cash flow alongside long-term appreciation in a location that continues to outperform. The 20' x 50' building sits comfortably on a 20' x 75' lot, providing full-width living on each level and the type of scale rarely found in typical Brooklyn multifamily inventory. Essentials Read Less
Listing Courtesy of: Nicholas Andrew Hovsepian, Corcoran Group
Listing Snapshot
Days Online
11
Last Updated
Property Type
MultiFamily
Beds
7
Full Baths
6
Square Ft.
2,400
Lot Size
0.03 Acres
Year Built
1910
MLS Number
RLS20068888
30 Days Snapshot Of 11211
$1.38M
-29%
(avg) sold price
14
+7%
homes sold
Snapshot
Area Map
Additional Details
Building
Entry Level: 1, Features: GreenBuilding, Living Area Units: SquareFeet, Rooms Total: 14, Structure Type: Townhouse
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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