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Posted: Tuesday, February 6, 2018 1:31 PM


243 Devoe St, Williamsburg NY 11211
Gorgeous 6 Family in Pristine Condition
1 Vacant Apartment, possibly 3 more Vacancies!
1 Free Market Apartment
***Asking Price $2,449,000***

Flawlessly Situated on Devoe Street, Just 5 minutes away to the Graham L Train.
The area is booming with new developments, trendy restaurants and bars.
Property Features 4,125 SF of Living Space:
6 Units; 12 Bedrooms, 6 Bathrooms
LG Yard and basement!

Each Unit is a 2 Bedroom Apartment, in great condition, boasts beautiful high end
details and finishes.
Apt 3L is currently Vacant & under renovation.
Apts 1L & 1R have private access to the gorgeous Yard.
Extra LG space in the Basement. Currently used as a Storage.

With space to spread out, and a flexible layout - this is a true home in the heart of
one of New York City's most desirable neighborhoods.

Lot 25 x 100 ft
Building 25 x 55 ft
Zoning R6B
FAR 1.28; MAX FAR 2

1L: $2,585
1R: $2,088 (Free Market/ Destabilized)
2L: $1,965; 2R: $865
3L: Vacant (projected $2,500+); 3R: $1,511
Yearly Rents: $138,168
Projected Rents: $180K+

Gas Heat: $3,900
Taxes: $7,277
Insurance: $2,400
Water: $2,800
Electricity: $600
Expenses/Yr: $16,977

Cap Rate: 5%
Projected Cap Rate: 6.7%

UNLIMITED POTENTIAL for Users, Investors or Both!

For more details please call:
Theo Eastwind (718) 536 7787
Robert Napolitano (917) 225 7584
Capri Jet Realty (718) 388 2188

243 Devoe St, Williamsburg NY, 11211    google map | yahoo map

• Location: 243 Devoe St, Williamsburg NY 11211, Brooklyn

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