Multi Family, 59 DEVOE Street #, East Williamsburg

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 Listing courtesy of Corcoran Group ...
More