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59 Devoe Street
Townhouse in Williamsburg •  building info
7bd • 6ba • 2,400ft² $1,248 per ft²
List Price

$2,995,000

Key Details
Days on market
67
Last price change
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Estimated payment
$16,559/mo
Taxes
$398/mo
Maintenance
N/A
Description
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 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

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Important Stuff
Washer/Dryer in unit
Building amenities
Services and facilities
Fios Available
Shared outdoor space
Patio
Building info

History
What it'll cost
Purchase price
$2,995,000
Asking Price: $2,995,000
Term
30 Years
Down Payment
$299,000 (10%)
Min: 10% (299,000)
Rate
6.0 %
Mortgage Amount
$2,695,500
Mortgage Payment
$16,161
Taxes
$398
Estimated closing cost
$109,000
Total monthly cost $16,559
Listing Courtesy of Corcoran Group

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