DEVOE ST

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10 UNIT Williamsburg Multi-family - Rare 5.27% Current Cap Rate!

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 Brooklyn’s fast appreciating neighborhoods at a 5.27% cap rate!! 283 Devoe Street is a frame-style multifamily property in one of Brooklyn’s 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 Brian 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.