1 /
19
Map
$9,250,000
●
Multifamily -
For Sale
9 Devoe Street #BUILDING
Brooklyn, NY 11211
5 Beds
10 Baths,
2
Half Baths
10800 Sqft
$50,082
Estimated Monthly
$0
HOA / Fees
0.48%
Cap Rate
About This Property
Excellent Investment/Development opportunity in Williamsburg
Brooklyn! Standing predominantly at
the corner of Union Avenue and Devoe Street, this beautiful free market, 9 unit, mixed-use corner
property comprises three contiguous buildings on one tax lot and ample FAR to build. Conveniently
located just a short block from the Metropolitan Ave L/G train station, this highly desirable and
bustling area presents tremendous potential for investment and further development.
-430 Union Ave: A Charming 5-family brick residential building with finished basement, two 1-
bedroom units, two Junior 1-bedroom units & one 2-bed/2-bath.
-426 Union Ave (AKA 1-5 Devoe St): Two-story corner retail & office building with basement, offering
2 Units ranging 1600-1800sqft each
-9 Devoe Street: Two-story brick building hosting 2 lofts, each approximately 1200Sqft, complete
with a backyard and roof deck
Additional highlights include a 325 sqft bonus workspace, two legal curb cuts and additional FAR to
build offering further development potential.
All units are free-market and in excellent condition, with tenants currently on month-to-month
leases, except three residential units whose leases expire in 2024.
Lot: 50 x 108
Lot SQFT: 5,400
Building SQFT: 10,800
FAR 4
FAR as built: 2
Zoning: R7A, C2-4
For further details, please don't hesitate to contact me
the corner of Union Avenue and Devoe Street, this beautiful free market, 9 unit, mixed-use corner
property comprises three contiguous buildings on one tax lot and ample FAR to build. Conveniently
located just a short block from the Metropolitan Ave L/G train station, this highly desirable and
bustling area presents tremendous potential for investment and further development.
-430 Union Ave: A Charming 5-family brick residential building with finished basement, two 1-
bedroom units, two Junior 1-bedroom units & one 2-bed/2-bath.
-426 Union Ave (AKA 1-5 Devoe St): Two-story corner retail & office building with basement, offering
2 Units ranging 1600-1800sqft each
-9 Devoe Street: Two-story brick building hosting 2 lofts, each approximately 1200Sqft, complete
with a backyard and roof deck
Additional highlights include a 325 sqft bonus workspace, two legal curb cuts and additional FAR to
build offering further development potential.
All units are free-market and in excellent condition, with tenants currently on month-to-month
leases, except three residential units whose leases expire in 2024.
Lot: 50 x 108
Lot SQFT: 5,400
Building SQFT: 10,800
FAR 4
FAR as built: 2
Zoning: R7A, C2-4
For further details, please don't hesitate to contact me
Unit Size
10,800Ft²
Days on Market
127 days
Land Size
0.12 acres
Price per sqft
$856
Property Type
Multifamily
Property Taxes
$4,662
HOA Dues
-
Year Built
1930
Listed By
Last updated: 2 months ago (RLS #RSFT-00110000000291)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 22, 2023 | Listed by Brick & Mortar LLC | $9,250,000 | |
Listed by Brick & Mortar LLC |
Property Highlights
Air Conditioning
Interior Details
Bedroom Information
Bedrooms: 5
Bathroom Information
Full Bathrooms: 8
Half Bathrooms: 2
Interior Information
Living Area: 10800
Room Information
Laundry Features: Building In Basement
Rooms: 21
Exterior Details
Property Information
Year Built: 1930
Building Information
Pets Allowed: Building Yes, Yes
Lot Information
Lot Size Dimensions: x
Land Information
Tax Lot: 1
Tax Block: 2761
Financial Details
Tax Annual Amount: $55,944
Utilities Details
Cooling Type: Ductless
Heating Type: Baseboard
Location Details
Subdivision Name: Williamsburg
Stories Total: 5
Association Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Townhouse
4
Beds
4
Baths
9,000 ft²
$1,028/ft²
$9,250,000
Jan 31, 2022
$9,250,000
Sep 17, 2022
-
Sold
Commercial
Loft
-
-
$6,250,000
Mar 27, 2019
$6,250,000
Jan 30, 2020
$1,960/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|