NOT LISTED FOR SALE

Estimated Value: $1,872,507 - $3,254,000

4 Beds
2 Baths
2,160 Sq Ft
$1,128/Sq Ft Est. Value

Last Sold September 09, 2022

Last sale price $2,250,000 $1,042 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $13,354/month

47 Days on Market

Highlights

  • Rooftop Deck
  • 1-minute walk to Lorimer Street (L Line)
  • Laundry Facilities
  • Pre War Building
  • Patio
  • 4-minute walk to Father Giorgio Triangle

About This Home

As of September 2022

48 Devoe St is a perfectly renovated & turnkey home on coveted and tree-lined Devoe St between Union Ave and Lorimer Street. The home offers incredible rental income for an end user or investor. This four story gem consists of an upper duplex with roofdeck potential, over the lower duplex with basement and a backyard. Either unit would work for an end user with the rental unit income covering a majority of the home's monthly expenses. The townhouse features: Anderson casement windows, oak hardwood floors, recessed lighting, Frederich's AC units, baseboard heating, high ceilings, stainless appliances, a gas & vented washer/dryer in each unit, windowed kitchens, granite countertops, video security, and even a secure package drop bin for deliveries. The facade is in excellent shape and there are Empire State Building views from the top floor. The first unit boasts an open concept living room, an eat in kitchen and dining area. From there you step out onto your backyard patio area, ideal for entertaining, gardening, or dining al fresco. Second floor includes a bedroom, full bathroom, and a den/home office. There is also access to a maintained basement with washer/dryer and tons of storage. Rental income for the lower unit is conservatively estimated to be $5500. The upper duplex is larger than below because of eliminated stairwells, opening things up for an impressive living room which flows into an eat-in-kitchen, with a large storage area under the staircase. The primary bedroom is almost 250 sq ft in size and the south-facing second bedroom overlooks the backyard and other townhouse gardens. The upper unit can easily generate $5,000/mo. As a Lorimer L train resident of over 10 years, the location cannot be beat, with most in the neighborhood agreeing Powers, Ainslie, and Devoe are the most coveted townhouse streets in Williamsburg. You cannot walk down the block without greeting at least a neighbor or two, creating a quaint city suburban feel and community. Located 1 block from the Lorimer L and Metropolitan G trains, a Citibike station, a short distance from McCarren Park, and surrounded by the best nightlife & restaurants in Brooklyn. *First floor tenant in place until early August. Upper duplex can be delivered vacant. Easy to show the upper duplex, however lower unit showings available for serious buyers on second visits.

Last Agent to Sell the Property

Quinn Ferree

Douglas Elliman Real Estate License #10401291492 Listed on: 03/23/2022

Douglas Elliman Real Estate

Co-Listed By

Jon Capobianco

Douglas Elliman Real Estate License #30CA0791748

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1901

Lot Details

  • 1,002

Home Design

  • Pre War Building

Interior Spaces

  • 2,160 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Lot Dimensions are 18.0 x 55.0
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Legal Lot and Block 29 / 2767

Community Details

Overview

  • Williamsburg Subdivision

Amenities

  • Rooftop Deck
  • Building Patio
  • Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Cross Street: Union Avenue/Lorimer Street
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Williamsburg
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Living Area: 2160.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 2
  • Bathrooms Integer: 2
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Building Roof Deck
  • Patio/Porch Features: Building Patio, Patio

Garage/Parking

  • Garage: No

Utilities

  • Laundry Features: Common Area
  • Cooling: Building Cooling, Wall Unit(s)

Lot Info

  • Lot Size Dimensions: 18.0 x 55.0

Building Info

  • Total Stories: 4
  • Year Built: 1901

Tax Info

  • Tax Block: 2767
  • Tax Lot: 29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2023
Sold by
Townhouse Rental Ii Llc
Bought by
Townhouse Rental Llc
Current Estimated Value
$2,435,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,955,406
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 23, 2022
Closed on
Sep 8, 2022
Sold by
Carmichael Peet Chloe and Peet James
Bought by
Townhouse Rental Ii Llc
Seller's Agent
Quinn Ferree
Douglas Elliman Real Estate
List Price
$2,250,000
Sold Price
$2,250,000
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.43%

Purchase Details

Closed on
Oct 28, 2016
Sold by
Ciesla Mary Ann and % Albert Maimone Esq
Bought by
Carmichael Peet Chloe and Peet James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,484,968
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage
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
Townhouse Rental Llc -- --
Townhouse Rental Ii Llc $2,250,000 --
Carmichael Peet Chloe $1,856,210 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Townhouse Rental Llc $18,955,406
Previous Owner Carmichael Peet Chloe $1,484,968
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2022 09/09/22 Sold $2,250,000 0.0% $1,042 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $2,250,000 -- $1,042 / 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 $7,093 $126,120 $5,760 $120,360
2024 $7,093 $99,600 $5,760 $93,840
2023 $6,766 $100,920 $5,760 $95,160
2022 $6,384 $96,300 $5,760 $90,540
2021 $6,364 $105,600 $5,760 $99,840
2020 $4,773 $100,560 $5,760 $94,800
2019 $6,156 $90,000 $5,760 $84,240
2018 $5,660 $27,764 $1,532 $26,232
2017 $5,339 $26,193 $2,280 $23,913
2016 $4,928 $25,200 $2,961 $22,239
2015 $1,997 $25,200 $3,332 $21,868
2014 $1,997 $25,200 $4,000 $21,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10795137

Real Estate Board of New York (REBNY)

APN: 02767-0029