72 Devoe Street #BUILDING
About This Property
This massive, 22' wide house (on a 25' lot), 4/5+ bedroom home is currently used as a single family, though easily convertible back to its original use as a legal 2-family property. The open concept parlor floor has a loft like layout featuring a large open kitchen with Bosch appliance package, separate dining room leading to the garden, and large living room/office or convertible guest room.
The lower level has been gut renovated with a separate full bath and new kitchenette perfect for a home office or rental unit for additional income. The third floor features 3 beds and two full baths (master en-suite), and the peaceful, sunny top floor makes the perfect guest room, lounge, exercise room, or artists' studio. The home is equipped with High-Efficiency HVAC and water heaters by Mitsubishi, and video intercom/alarm system by Aiphone. Walking outside to the roof terrace on the upper floor, you'll be treated to a beautiful custom crafted teak sauna while you enjoy open, unobstructed views of Williamsburg. A short walk to the L, G and JMZ trains, this is the home you've been looking for!
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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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 10, 2022 | Sold | ||
| Sold | |||
| Dec 1, 2021 | In contract | - | |
| In contract | |||
| Nov 4, 2021 | Price Decreased |
$3,300,000
↓ $195K
(5.6%) | |
| Price Decreased | |||
| Oct 6, 2021 | Price Decreased |
$3,495,000
↓ $200K
(5.4%) | |
| Price Decreased | |||
| Sep 29, 2021 | Price Increased |
$3,695,000
↑ $495K
(15.5%) | |
| Price Increased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/08/2021
|
6 Bed
|
4 Bath
|
4000 ft²
|
$3,995,000
6 Bed
4 Bath
4000 ft²
|
$3,200,000
-19.90%
02/10/2022
|
Jonah Katz
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017