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Map
185 DEVOE Street
About This Property
Currently, the property consists of two floor-through apartments. The first-floor unit is a two-bed/1 bath with a private backyard. The sunny upstairs unit is a two-bed/1 bath with office and extra storage. The partially finished basement features a washer/dryer and a full bath. Recent building upgrades include a new boiler and roof.
Perfectly situated on a quiet, tree-lined street, 185 Devoe is just two short blocks from the vibrant Metropolitan/Graham Ave intersection with its abundance of excellent restaurants, bars, and specialty shops. The Graham Ave L train is around the corner, and the Metropolitan Ave G is five blocks away. Dog-friendly Cooper Park is just a few blocks east. The property will be delivered vacant.
Lot size: 24 ft x 75 ft.
FAR: 0.75; MAX FAR: 2. Zoning: R6B.
Allowed usable floor area: 3,600 sqft.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/01/2024
|
4 Bed
|
3 Bath
|
1925 ft²
|
$1,700,000
4 Bed
3 Bath
1925 ft²
|
$1,850,000
+8.82%
01/29/2025
|
Angelica Blotkevich
Brick & Mortar LLC
| |
|
09/18/2020
| |
Loft
|
-
|
-
|
$1,850,000
Loft
-
|
$1,850,000
01/30/2021
|
Angelica Blotkevich
Brick & Mortar LLC
|
|
07/19/2018
|
Loft
|
3 Bath
|
-
|
$1,800,000
Loft
3 Bath
|
$1,800,000
11/26/2019
|
Angelica Blotkevich
Brick & Mortar LLC
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017