59 Devoe St Brooklyn, NY 11211
Williamsburg NeighborhoodEstimated payment $15,981/month
Highlights
- Patio
- 1-minute walk to Lorimer Street (L Line)
- 4-minute walk to Father Giorgio Triangle
- P.S. 132 The Conselyea School Rated A-
- Central Air
About This Home
Meet 59 Devoe Street, a rare fully-occupied Williamsburg investment property offering a cap rate of 5.85%.
Set on a quiet, picturesque block just moments from both the L and G trains, this fully renovated three-family townhouse pairs clean, modern interiors with strong, reliable income in one of Brooklyn's most consistently high-performing neighborhoods.
Configured as sweet floor-through residences, each home offers generous proportions, two full bathrooms, and the kind of thoughtful renovation that attracts and retains excellent tenants. The layouts feel intentional, the finishes feel current, and the building has been meticulously updated from top to bottom - allowing the next owner to step into a truly turnkey asset.
With nearly $200,000 in annual rent roll and a 5.85% cap rate, the property delivers immediate cash flow alongside long-term appreciation in a location that continues to outperform.
The 20' x 50' building sits comfortably on a 20' x 75' lot, providing full-width living on each level and the type of scale rarely found in typical Brooklyn multifamily inventory.
Essentials
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,776
Year Built
- Built in 1910
Lot Details
- 1,500 Sq Ft Lot
- Lot Dimensions are 75.00x20.00
Home Design
- Entry on the 1st floor
Interior Spaces
- 2,400 Sq Ft Home
- 3-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Full Bathrooms
Laundry
- Laundry in unit
- Washer Dryer Allowed
- Washer Hookup
Additional Features
- Patio
- Central Air
Community Details
- 3 Units
- Williamsburg Subdivision
Listing and Financial Details
- Legal Lot and Block 0033 / 02762
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,778 | $114,840 | $14,580 | $100,260 |
| 2024 | $4,778 | $104,100 | $14,580 | $89,520 |
| 2023 | $4,561 | $108,420 | $15,180 | $93,240 |
| 2022 | $4,233 | $103,260 | $15,180 | $88,080 |
| 2021 | $3,894 | $113,280 | $15,180 | $98,100 |
| 2020 | $3,938 | $110,520 | $15,180 | $95,340 |
| 2019 | $3,854 | $116,760 | $15,180 | $101,580 |
| 2018 | $3,518 | $18,717 | $2,629 | $16,088 |
| 2017 | $3,303 | $17,672 | $2,708 | $14,964 |
| 2016 | $3,026 | $16,687 | $3,452 | $13,235 |
| 2015 | $1,791 | $16,670 | $4,615 | $12,055 |
| 2014 | $1,791 | $16,520 | $5,487 | $11,033 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/27/2026 01/27/26 | For Sale | $2,995,000 | +84.3% | $1,248 / Sq Ft | |
| 07/21/2023 07/21/23 | Off Market | $1,625,000 | -- | -- | |
| 11/23/2021 11/23/21 | Sold | $1,625,000 | 0.0% | $661 / Sq Ft | View Prior Sale |
| 08/20/2021 08/20/21 | Pending | -- | -- | -- | |
| 06/29/2021 06/29/21 | For Sale | $1,625,000 | -- | $661 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,625,000 | -- | |
| Deed | $1,625,000 | -- | |
| Deed | $1,625,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | $15,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,399,511 | Purchase Money Mortgage | |
| Closed | $1,399,511 | Purchase Money Mortgage |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20068888
APN: 02762-0033
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RLS Data display by Homes.com LLC
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