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283 DEVOE ST   
Cross Streets: (Williamsburg)   Web ID 593604

Financials

Price: $4,595,000
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Essentials

Type: Rental
Size: Studio
Rooms: 1
Beds: 0
Baths: 1
Doorman: No

Features

Building

Laundry
Pet Friendly
Age: Postwar
Access: Walk-up

Native Real Estate is proud to exclusively present 283 Devoe Street, a 10 Unit multifamily building for sale in Williamsburg.

The subject property is comprised of 2 buildings situated on a prime 2500 sqft (25 ft x 100 ft) lot. Combined the main house plus the rear carriage house measure approximately 5375 sqft as built. The unit mix includes one 2-bedroom, five 1.5-bedroom and four 1-bedroom apartments.

This is a RARE investment opportunity to purchase an impeccable income producing property in one of Brooklyns fast appreciating neighborhoods at a 5.27% cap rate!! 283 Devoe Street is a frame-style multifamily property in one of Brooklyns most sought after neighborhoods, Williamsburg. Perfectly located 1 block from the Grand St L train stop and 10 minutes to the Metropolitan G train.

The seller has gone above and beyond in the quality of care and renovations that have gone into the property including full gut renovations on 8 of 10 apartments, beautifully rehabbing all commons areas including hallways, entryway, cellar and courtyard have all been renovated as well. The mechanicals (heat/hot water boilers) are brand new and a new roof was just installed on the rear carriage house. 283 Devoe Street is a TURN KEY, INCOME PRODUCING property!!

Two (2) units are rent stabilized. The remaining units have been destabilized and/or free market rents. The property will be delivered 100% occupied.

Call, Text or Email Taylor to request more information or to request a showing!

* SETUP AVAILABLE UPON REQUEST.

NOTE: We can also offer 283 Devoe as part of a 3 building package. All properties are in Williamsburg. Please contact me for additional information.

Listing courtesy of Native Real Estate

Sales Manager

Sales Manager

Web Id: 593604

   

Map

All Information Regarding A Property For Sale, Rental Or Financing Is From Sources Deemed Reliable. No Representation Is Made As To The Accuracy Thereof, And Such Information Is Subject To Errors, Omission, Change Of Price, Rental, Commission, Prior Sale, Lease Or Financing, Or Withdrawal Without Notice. All Square Footage And Dimensions Are Approximate. Exact Dimensions Can Be Obtained By Retaining The Services Of A Professional Architect Or Engineer.

  City Connections Realty, Inc. supports Equal Housing Opportunity. The federal Fair Housing Act makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make such preference, limitation or discrimination." We will not knowingly accept or permit any advertisement for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.