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217-219 Devoe Street
About This Property
Incredible opportunity to purchase two adjacent lots-217 and 219 Devoe Street-in prime Williamsburg, being sold together as a single development site. With up to approximately 12,000 buildable square feet, this site is ideal for a condo development, luxury rental project, or a custom-designed mini mansion.
Located on a quiet, tree-lined residential block, the site is just minutes from the Graham Avenue L train, offering quick access to Manhattan. Enjoy all that Williamsburg has to offer-trendy restaurants, cafes, boutique shopping, parks, and nightlife-just steps/short distance from your front door.
Key Features:
2 Combined lots (total 50x100) offering approx. 12,000 buildable SF
Zoned for residential development (R6B, R7A)
Ideal for condo, rental, or single-family mansion
Quiet, residential street in the heart of Williamsburg
Close to Graham Ave L train, buses & CitiBike
Surrounded by top-rated dining, shopping & amenities
Whether you're a developer looking for your next project or a homeowner with a bold vision, 217 & 219 Devoe Street deliver unbeatable potential in one of Brooklyn's most exciting neighborhoods.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017