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223 DEVOE Street
About This Property
This one of a kind, 3 story, 6 family building with over 4200 square feet of living space is fully renovated and vacant
Sitting on a 25 x 100 square foot lot, the building has been refitted with all new plumbing and electric appliances, windows and HVAC units in each unit!
Each 2 bedroom, 1 bathroom apartment has been upgraded with floor to ceiling windows, gorgeous wide-plank white oak floors, central heating/cooling and state of the art Sonos multimedia systems
Kitchens and bathrooms boast brand-new stainless steel appliances and are outfitted in luxurious Italian marble.
The 2 ground floor units enjoy access to their own private gardens, while other apartments feature 10ft ceilings
All units have access to a shared basement with separate, private storage areas for each unit and convenient common storage areas for bicycles and more. Shared access to a roof deck with breathtaking views of Manhattan is also available for all units.
Separate utilities for each apartment help keep ownership expenses to a minimum.
The six, income producing apartments are projected to accrue an annual income of $250,000 per year with annual taxes of approximately $8,000
The building is easily accessible, with L and G subway stations nearby, and the renowned Williamsburg culture and nightlife, just a short walking distance away.
Viewings are available at your convenience, don't miss out on your chance to own this one-of-a-kind property!
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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 |
|---|---|---|---|---|---|---|---|
|
05/23/2018
| |
12 Bed
|
6 Bath
|
4125 ft²
|
$4,500,000
12 Bed
6 Bath
4125 ft²
|
$4,085,000
-9.22%
09/21/2018
|
Ivan Hernandez
Compass
|
|
02/12/2018
| |
Studio
|
-
|
-
|
$4,999,000
Studio
-
|
$4,085,000
-18.28%
09/20/2018
|
SIGALIT H SANILEVICH
Massada Home Sales Inc
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017