Buy with Yoreevo
$2,626,400
List Price: $2,680,000
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39 Debevoise Street
House in Williamsburg •  building info
studio • 2,500ft² $1,072 per ft²
Buy with Yoreevo

$2,626,400

List Price

$2,680,000

Key Details
Days on market
11
Last price change
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Estimated payment
$20,294/mo
Taxes
$5,049/mo
Maintenance
N/A
Description
We are pleased to offer a high-performing mixed-use property located in the heart of Williamsburg, Brooklyn — one of New York City's most dynamic and desirable neighborhoods for both residential and commercial tenancy. Constructed in 2000 and meticulously maintained, this three-story asset comprises a ground-floor retail space currently occupied by a long-standing deli operator, one full-floor 3-bedroom residential unit, and four 1-bedroom apartments. All units are separately metered, with clean utility separation and low-maintenance common areas. Importantly, there are no leases in place, presenting a rare opportunity for immediate repositioning to market rents in an area experiencing sustained demand and limited supply. The property generates a gross annual income of $246,000, with modest operating expenses totaling $85,384. After accounting for a standard 5% vacancy reserve, the net operating income stands at approximately $148,316. Based on a 5.5% capitalization rate, this implies a market valuation in the range of $2.7 million. Financing scenarios at 75% loan-to-value and a 6% interest rate project a strong cash-on-cash return, with ample debt coverage supported by in-place income. Williamsburg continues to attract a diverse and affluent tenant base, driven by its unique blend of residential appeal, retail vibrancy, and transit accessibility. This asset is exceptionally positioned to benefit from the neighborhood's long-term trajectory, offering both immediate cash flow and long-range value appreciation.

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Important Stuff
Pets allowed
Building amenities
Services and facilities
Fios Available
Building info

History
What it'll cost
Purchase price
$2,680,000
Asking Price: $2,680,000
Term
30 Years
Down Payment
$268,000 (10%)
Min: 10% (268,000)
Rate
6.5 %
Mortgage Amount
$2,412,000
Mortgage Payment
$15,245
Taxes
$5,049
Estimated Yoreevo rebate
$53,600
Estimated closing cost
$98,000
Total monthly cost $20,294
Buy your dream home with us and get an estimated $53,600 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Keller Williams Landmark II

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