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Multifamily

247 Devoe Street

247 Devoe St, Brooklyn, NY 11211

Listing Price: $2,995,000

Cap Rate
5.90%
Number of Units
6
GRM
13.26
Price/Unit
$499,167
Price/Gross SF
$665.56
Gross SF
4,500

Investment Overview

Marcus & Millichap is pleased to offer 247 Devoe Street, a well-maintained six-unit multifamily property located in the heart of Williamsburg, Brooklyn, one of New York City’s most desirable and supply-constrained rental markets. The property consists of approximately 4,500 square feet situated on a 25’ x 100’ lot and is configured entirely with six two-bedroom apartments, appealing to the strong demand for shared housing and family-oriented rentals in the neighborhood.

Investment Highlights

  • 247 Devoe Street, built in 1920, comprises 6 residential units, approx 4,500 SF.
  • 4 Free Market Units & 2 Rent Stabilized Units | Tax Class: 2A | Zoning R6B |
  • Located in East Williamsburg, the property benefits from proximity to some of Brooklyn's most vibrant retail, dining, and nightlife corridors, including Graham Avenue and nearby lifestyle destinations

Financing By

Multifamily

247 Devoe Street

Listing Price: $2,995,000

Cap Rate
5.90%
Number of Units
6
GRM
13.26
Price/Unit
$499,167
Price/Gross SF
$665.56
Gross SF
4,500

Investment Highlights

  • 247 Devoe Street, built in 1920, comprises 6 residential units, approx 4,500 SF.
  • 4 Free Market Units & 2 Rent Stabilized Units | Tax Class: 2A | Zoning R6B |
  • Located in East Williamsburg, the property benefits from proximity to some of Brooklyn's most vibrant retail, dining, and nightlife corridors, including Graham Avenue and nearby lifestyle destinations

Investment Overview

Marcus & Millichap is pleased to offer 247 Devoe Street, a well-maintained six-unit multifamily property located in the heart of Williamsburg, Brooklyn, one of New York City’s most desirable and supply-constrained rental markets. The property consists of approximately 4,500 square feet situated on a 25’ x 100’ lot and is configured entirely with six two-bedroom apartments, appealing to the strong demand for shared housing and family-oriented rentals in the neighborhood.

Financing By

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