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196 Devoe Street #1
About This Property
Immediate Occupancy!
A boutique condominium perfectly positioned in prime Williamsburg, close to all, but tranquilly located on a picturesque, tree-lined street. Comprised of seven units, the building features five one-bedroom (1BR) residences that vary from efficient to gracious; bookended by a floor-through garden duplex and a sunlit two-bedroom (2BR) penthouse (PH). All units come with private outdoor space and a dedicated storage room in the basement.
Apartment #1 is a sprawling Duplex apartment with a huge private outdoor yard!
Swoon-worthy features include wide-plank, white oak flooring, sleek custom German cabinetry crafted by Nolte, an electric integrated appliance package highlighting Bosch and Bloomberg, brass toned kitchen hardware, pot filler, vented washer/dryer, central heating and cooling system with multiple zones, and high-end Pella windows to round of the minimalist design. The bathrooms are spacious and stylish; featuring porcelain tiles, a deep soaking tub, wall hung toilets, vanities with ample storage, radiant heat flooring as well as a heated towel rack.
Crafted carefully with a focus on a clean aesthetic, these residences offer a blend of contemporary finishes while remaining timeless; making for an amazing investment opportunity or a place to truly call home.
196 Devoe Street is a stone's throw away from Williamsburg's most exciting restaurants, bars, cafes and shops on Graham and Metropolitan Avenues. Some favorites include Concord Hill, Mesa Coyoacan, Basik, Harefield Road, Hungry Ghost Coffee, Grass Roots Juicery, and many more! Approximately five blocks from renovated Cooper Park, which offers a farmer's market on Saturdays in the late spring & summer months, a dog run, tennis and basketball courts. The development neighbors the conveniences of prime Williamsburg, with the added tranquility of a residential vibe. The Graham Avenue L train is conveniently located two blocks away, making for a dream commute.
The complete offering terms are in an offering plan available from the File No. CD-190100.
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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%.
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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.
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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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 10, 2021 | Price Increased |
$1,695,000
↑ $45K
(2.7%) | |
| Price Increased | |||
| Jul 30, 2021 | No longer available | - | |
| No longer available | |||
| Jul 19, 2021 | Sold | ||
| Sold | |||
| May 17, 2021 | In contract | - | |
| In contract | |||
| Mar 10, 2021 | Relisted | $1,695,000 | |
| Relisted | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/24/2023
|
2 Bed
|
2 Bath
|
-
|
$1,350,000
2 Bed
2 Bath
|
$1,375,000
+1.85%
05/24/2023
|
Quinn Ferree
Compass
| |
|
05/07/2020
|
1 Bed
|
1 Bath
|
607 ft²
|
$745,000
1 Bed
1 Bath
607 ft²
|
$758,596
+1.82%
01/28/2021
|
Monica Breese
Elliman
| |
|
03/02/2020
|
2 Bed
|
3 Bath
|
1821 ft²
|
$1,695,000
2 Bed
3 Bath
1821 ft²
|
$1,695,000
07/19/2021
|
Daniel Fried
Prudential Douglas Elliman Real Estate
| |
|
02/03/2017
| |
6 Bed
|
3 Bath
|
-
|
$2,200,000
6 Bed
3 Bath
|
$1,700,000
-22.73%
08/17/2017
|
Geniene Sciacca
Crifasi Real Estate Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017