$2,599,000
Updated 8 years ago
Off Market

141 Devoe Street

East Williamsburg, Brooklyn | Manhattan Ave & Graham Ave

10 Beds4 Baths3,440 Square FeetMulti-Family

$2,599,000
floors / apts3 / 3
Lot Size25'x100'
Built Size22'x35'
ZoneR6B
Building TypeTownhouse
RE Taxes$3,795
Price Per SF
$756

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Garden
  • Pool
  • Stoop Entry

Property Description for 141 Devoe Street

~ Just Listed! ~
Legal 3 Family in Prime Williamsburg
***Asking Price $2,700,000***
Located steps from the Graham Avenue L train.
This beautifully renovated 3 Family house generates solid monthly income.
It is surrounded by all the new developments, countless music venues, restaurants & bars in trendy & hip Williamsburg:
Bamonte’s, Fortunato Brothers, Union Pool just to name a few.
Whole Foods and the Apple Store are opening their doors just a few blocks from 141 Devoe street.
The Property allows for roughly 3440 sf of living space:
Apt #1 Large 5 Br, 2 Bath DUPLEX ($6,500/mo)
An enormous Backyard includes an additional outbuilding, suitable for an art studio, gardening shed, or outdoor Kitchen.
Apt #2 3 Br, 1 Bath ($3,500/mo)
Equally sized LG Bedrooms, well sized living room, modern renovations, windows in every room and an abundance of closets and storage.
Apt #3 2 Br, 1 Bath, Boxed style ($2,150/mo)
This unit holds extra upside potential as it has not been renovated.
The apartment is spacious and features an extra LG Kitchen.
Can be easily converted into a 3 Br, potentially increasing the rent roll.
Gross Income $145,800/Yr
Net Income $135,827/Yr
Expenses $9,973/Yr
Cap Rate: 5%
Building 25 x 35 ft; Lot 25 x 100 ft; Zoning R6B
FAR: 1.38; Max FAR: 2
Taxes: $3,717/Yr
This is a secure investment in a popular section of Williamsburg, and potential buyers can expect the property to continually generate solid rental income from year to year.
Call us to schedule your Private Appointment TODAY!
Franz "Theo" Froschl (718) 536 7787

Listing History for 141 Devoe Street

Now
07/03/2016
POM by Theo Eastwind
Capri Jet Realty Corp.
04/04/2016
TOM by Theo Eastwind
Capri Jet Realty Corp.

Building Details for 141 Devoe Street

OwnershipMulti-Family
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1901
Floors/Apts3/3
Learn More About the Building

Transit and Citi Bike

Subway

Graham Av
0.07 miles
Grand St
0.27 miles
Lorimer St
0.27 miles
Metropolitan Av
0.34 miles

Citi Bike

Manhattan Ave & Devoe St
0.06 miles
Graham Ave & Conselyea St
0.09 miles

Contact Agents

Contact Agents

Theo Eastwind
Capri Jet Realty Corp.
Robert Napolitano
Capri Jet Realty Corp.

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 63120TH