NOT LISTED FOR SALE

41 Devoe St Brooklyn, NY 11211

Williamsburg Neighborhood

Estimated Value: $1,752,000 - $2,455,000

3 Beds
3 Baths
1,710 Sq Ft
$1,205/Sq Ft Est. Value

Last Sold August 09, 2021

Last sale price $1,600,000 $936 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $11,254/month

5,258 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to Lorimer Street (L Line)
  • Heating System Uses Natural Gas
  • Intercom
  • Garden
  • 4-minute walk to Father Giorgio Triangle

About This Home

As of August 2021

Excellent investment opportunity in prime Williamsburg just one block from the L train at Lorimer (and G at Metropolitan). Around the corner from countless restaurants, shops and services, this 2 family home is priced to the market and an ideal user or investor property. Lot size 17.5x75, building 17.5x35 plus extension. Some FAR remaining, although purchasers must verify with their own architect. Renovated approximately 10 years ago, 41 Devoe is in good and rentable condition but would benefit from upgrades. This property is a legal 2 family currently set up as a 3 family.
Garden: $2K
2nd Floor: $1,750 expires November 2021
3rd Floor: $2,200 could be delivered empty Showing by appointment only.

Last Agent to Sell the Property

Christine Blackburn

Compass License #30BL1044983 Listed on: 05/06/2021

Compass

Co-Listed By

Lior Barak

Compass License #30BA1018530

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 17.0 x 55.0
  • Garden

Home Design

  • Pre War Building

Interior Spaces

  • 1,710 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Williamsburg Subdivision
  • Water Sewer Expense $849

Listing and Financial Details

  • Legal Lot and Block 42 / 2761

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: Lorimer Street/Union Avenue
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Equipment (Other): Intercom
  • Living Area: 1710.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 3

Exterior Features

  • Exterior Features: Garden

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Building Cooling, Window Unit(s)
  • Heating: Building Natural Gas, Natural Gas
  • Heating: Yes

Fee Information

  • Annual Water Sewer Expense: 849.0

Lot Info

  • Lot Size Dimensions: 17.0 x 55.0

Building Info

  • Total Stories: 3
  • Year Built: 1901

Tax Info

  • Tax Block: 2761
  • Tax Lot: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2021
Closed on
Aug 9, 2021
Sold by
41 Devoe Street Corp
Bought by
So Ken and So Kenneth
Seller's Agent
Christine Blackburn
Compass
List Price
$1,600,000
Sold Price
$1,600,000
Current Estimated Value
$2,060,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$460,345
Avg. Annual Appreciation
5.96%
Original Mortgage
$1,200,000
Outstanding Balance
$1,091,172
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$969,173

Purchase Details

Closed on
Oct 20, 2018
Sold by
Napolitano Dino
Bought by
41 Devoe Street Corp

Purchase Details

Closed on
Aug 13, 2018
Sold by
41 Devoe Street Corp
Bought by
Napolitano Dino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2002
Sold by
Papaconstantinou Charle
Bought by
41 Devoe Street Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.13%

Purchase Details

Closed on
Jan 24, 2002
Sold by
Reinhardt William J
Bought by
Papaconstaninou Charles
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
So Ken $1,600,000 --
41 Devoe Street Corp -- --
Napolitano Dino -- --
41 Devoe Street Corp -- --
Papaconstaninou Charles -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open So Ken $1,200,000
Previous Owner Napolitano Dino $450,000
Previous Owner 41 Devoe Street Corp $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2021 08/09/21 Sold $1,600,000 0.0% $936 / Sq Ft
04/15/2007 04/15/07 Off Market $1,600,000 -- --
01/09/2007 01/09/07 For Sale $1,600,000 -- $936 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,509 $116,880 $14,100 $102,780
2024 $5,509 $102,300 $14,100 $88,200
2023 $5,256 $112,260 $14,100 $98,160
2022 $5,166 $106,920 $14,100 $92,820
2021 $5,404 $107,820 $14,100 $93,720
2020 $2,702 $104,460 $14,100 $90,360
2019 $4,781 $94,800 $14,100 $80,700
2018 $4,396 $21,565 $2,557 $19,008
2017 $4,396 $21,565 $3,173 $18,392
2016 $4,278 $21,400 $4,251 $17,149
2015 $2,454 $20,189 $6,015 $14,174
2014 $2,454 $19,047 $6,810 $12,237
Source: Public Records

Agents Affiliated with this Home

  • Christine Blackburn

    Seller's Agent in 2021

    Christine Blackburn

    Compass

    (646) 455-3720

    38 in this area

    199 Total Sales

    Christine Blackburn
    Section Image
  • Lior Barak

    Seller Co-Listing Agent in 2021

    Lior Barak

    Compass

    (646) 248-6982

    40 in this area

    166 Total Sales

    Lior Barak
    Section Image
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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10628214

Real Estate Board of New York (REBNY)

APN: 02761-0042

New York Kings County Brooklyn 11211 Williamsburg

41 Devoe St, Brooklyn, NY

Not Listed for Sale

MultiFamily

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