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Map
48 DEVOE Street #TH
About This Property
The owner renovated to perfection and paid attention to every detail of this turnkey town home. This would be perfect for an owner to live in the downstairs duplex and rent the upstairs for $5,000, or for a smart investor to hold onto an income-producing rental that is sure to appreciate over time.
LOCATION: Tree-lined Devoe is one of the most beautiful streets in all of Brooklyn. It is quiet and has maintained its neighborhood feel, all the while being only a block from the Lorimer L (and Metropolitan G) train, which takes you to Manhattan in under 10 minutes. The area is saturated with some of the best bars and restaurants in Williamsburg, and is only a 5-10 minute walk to the thriving commercial strips at Bedford Ave., Grand St., or Graham Ave, as well as the coming Whole Foods and Apple stores.
I live close by and can show on short notice. First OH is by appointment on Sunday, April 3rd, from 12-2. Call or email [email protected] with any questions.
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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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 8, 2017 | Sold | ||
| Sold | |||
| Nov 30, 2016 | Sold | ||
| Sold | |||
| Mar 27, 2016 | Listed by Brick & Mortar | $1,999,000 | |
| Listed by Brick & Mortar | |||
| | |||
|
OUR THOUGHTS: This immaculately-designed two-family townhouse is, quite simply, as good as it gets. Composed of two beautifully renovated duplex apartments, the construction and fixtures are top-notch: Oak hardwood floors with red chestnut stains, Anderson casement windows, Frederich's AC units, baseboard hot water heating, granite countertops with glass backsplash, stainless steel appliances, high ceilings, and recessed lighting on each floor. The 1000 SF first apartment is currently configured as a 1 BR with an office/nursery that could easily be a 2 BR and also has access to a well-maintained basement with high ceilings. Through the kitchen and dining room, walk outside into your entertainment area -- a 400 SF tiled yard with tons of sunlight. The 1100 SF upstairs apartment is possibly even more impressive with it's giant living room and 250 SF master bedroom.
The owner renovated to perfection and paid attention to every detail of this turnkey town home. This would be perfect for an owner to live in the downstairs duplex and rent the upstairs for $5,000, or for a smart investor to hold onto an income-producing rental that is sure to appreciate over time.
LOCATION: Tree-lined Devoe is one of the most beautiful streets in all of Brooklyn. It is quiet and has maintained its neighborhood feel, all the while being only a block from the Lorimer L (and Metropolitan G) train, which takes you to Manhattan in under 10 minutes. The area is saturated with some of the best bars and restaurants in Williamsburg, and is only a 5-10 minute walk to the thriving commercial strips at Bedford Ave., Grand St., or Graham Ave, as well as the coming Whole Foods and Apple stores.
I live close by and can show on short notice. First OH is by appointment on Sunday, April 3rd, from 12-2. Call 706-255-5657 or email [email protected] with any questions.
| |||
| Aug 11, 2015 | Listed by Brick & Mortar | $1,999,000 | |
| Listed by Brick & Mortar | |||
| | |||
|
OUR THOUGHTS: This immaculately-designed two-family townhouse is, quite simply, as good as it gets. Composed of two beautifully renovated duplex apartments, the construction and fixtures are top-notch: Oak hardwood floors with red chestnut stains, Anderson casement windows, Frederich's AC units, baseboard hot water heating, granite countertops with glass backsplash, stainless steel appliances, high ceilings, and recessed lighting on each floor. The 1000 SF first apartment is currently configured as a 1 BR with an office/nursery that could easily be a 2 BR and also has access to a well-maintained basement with high ceilings. Through the kitchen and dining room, walk outside into your entertainment area -- a 400 SF tiled yard with tons of sunlight. The 1100 SF upstairs apartment is possibly even more impressive with it's giant living room and 250 SF master bedroom.
The owner renovated to perfection and paid attention to every detail of this turnkey town home. This would be perfect for an owner to live in the downstairs duplex and rent the upstairs for $5,000, or for a smart investor to hold onto an income-producing rental that is sure to appreciate over time.
LOCATION: Tree-lined Devoe is one of the most beautiful streets in all of Brooklyn. It is quiet and has maintained its neighborhood feel, all the while being only a block from the Lorimer L (and Metropolitan G) train, which takes you to Manhattan in under 10 minutes. The area is saturated with some of the best bars and restaurants in Williamsburg, and is only a 5-10 minute walk to the thriving commercial strips at Bedford Ave., Grand St., or Graham Ave, as well as the coming Whole Foods and Apple stores.
I live close by and can show on short notice. First OH is by appointment on Sunday, April 3rd, from 12-2. Call 706-255-5657 or email [email protected] with any questions.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/23/2022
|
4 Bed
|
2 Bath
|
2160 ft²
|
$2,250,000
4 Bed
2 Bath
2160 ft²
|
$2,250,000
09/09/2022
|
Jon Capobianco
Compass
| |
|
03/27/2016
|
3 Bed
|
2 Bath
|
2160 ft²
|
$1,999,000
3 Bed
2 Bath
2160 ft²
|
$1,999,000
02/05/2021
|
Nathan Horne
Compass
| |
|
08/11/2015
|
3 Bed
|
2 Bath
|
2160 ft²
|
$1,999,000
3 Bed
2 Bath
2160 ft²
|
$1,999,000
02/05/2021
|
Nathan Horne
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017