$2,800,000
Updated 2 years ago
Off Market

39 Debevoise Street

East Williamsburg, Brooklyn | Cook Street & Debevoise Ave

12 Rooms7 Beds5 Baths5,694 Square FeetMixed Use

$2,800,000
floors / apts4 / 5
Lot Size25'x100'
Built Size25' wide
ZoneC4-3
Building TypeLow-Rise
RE Taxes$60,584
Price Per SF
$492

Building Amenities

  • Voice Intercom

Property Description for 39 Debevoise Street

39 Debevoise St is a mixed-use multi-family comprised of 5 FREE MARKET units + 2 floors of Retail!
Currently Fully Leased out with an in-place CAP rate of 6.10% with a pro-forma CAP rate of over 8%!
Located in the super trendy neighborhood of Williamsburg and a short distance to Bushwick, Bed-Stuy, and Ridgewood. This prime location attracts young professionals, artists, students, and many more people.

The property features five market-rate residential rental units, each separately metered with in-unit water
heaters, minimizing ownership expenses. Additionally, there is a stable ground floor commercial tenant and a
grocer. With the city-wide residential vacancy rate at an all-time low of 1.4% in February 2024 and residential
rents in Williamsburg increasing by 3.66%, the turnover risk is low and the potential for significant returns is high.

39 Debevoise Street is just around the corner from Graham Avenue, offering a quiet respite with the benefits
of nearby popular restaurants, bars, and cafes such as Win Son, Casa Oro, Sweet Science, Winona's, and
Roberta's Restaurant. The property is steps from the Flushing Avenue J/M stop at Broadway, providing
residents with access to downtown Manhattan in approximately 20 minutes and midtown in 30 minutes. It's
also less than a 15-minute walk to the L train at Montrose and the G train at Flushing. Although the J/M trains
are just 5 minutes from the property, It remains out of earshot of public transportation noise. Whether your
tenants are seeking a stroll to McCarren Park, a night at the House of Yes, or a soiree in Soho, they can have it
all in 30 minutes or less from 39 Debevoise Street, making it an ideal location for investment.

Listing History for 39 Debevoise Street

Now
07/31/2024
POM by Richard Burke
Real Street
06/27/2024
$2,800,000
Initial Price by Richard Burke
Real Street

Building Details for 39 Debevoise Street

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2011
Floors/Apts4/5
Learn More About the Building

Transit and Citi Bike

Subway

Flushing Av
0.12 miles
Lorimer St
0.34 miles
Montrose Av
0.41 miles
Myrtle Av
0.45 miles
Flushing Av
0.47 miles

Citi Bike

Broadway & Whipple St
0.12 miles
Beaver St & Fayette St
0.14 miles

Contact Agent

Contact Agent

Richard Burke
Real Street

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: 96592TH