NOT LISTED FOR SALE

Estimated Value: $1,697,000 - $2,046,000

8 Beds
3 Baths
2,460 Sq Ft
$763/Sq Ft Est. Value

Last Sold November 23, 2021

Last sale price $1,625,000 $661 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $10,626/month

51 Days on Market

Highlights

  • Pre War Building
  • 1-minute walk to Lorimer Street (L Line)
  • Balcony
  • P.S. 132 The Conselyea School Rated A-
  • Terrace
  • 4-minute walk to Father Giorgio Triangle

About This Home

As of November 2021

Amazing Opportunity to Own a 2-Family Home on the Beautifully Tree-Lined Devoe St, Less Than 1.5 Blocks to the Lorimer L!



Welcome to 59 Devoe-the perfect blank canvas you've been searching for to design and create your fully customizable new home. With massive rooms on every floor and four different exposures, this property offers the flexibility for any layout you can imagine, while the sun flooded open yard is waiting to be turned into your private urban oasis.



Currently configured with 2.5 bedrooms on the ground floor and 3 bedrooms each on the 2nd and 3rd floors, 59 Devoe is ideally situated for a spacious owner's duplex with your own private entrance on the top two floors plus a garden rental on the ground floor or can even be converted into a 1-family layout. With the unique footprint of the building offering four different exposures, you're not limited to windows on only the front and back of the building like most properties, giving you the opportunity to really maximize your space.



Lot: 19.92 x 75



Zoning: R6B



FAR: 2



FAR as built: 1.29



Showings by appointment only.

Last Agent to Sell the Property

Paula Manna

Compass License #10301218393 Listed on: 06/11/2021

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,778

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 19.0 x 75.0

Home Design

  • Pre War Building

Interior Spaces

  • 2,460 Sq Ft Home
  • 3-Story Property
  • Intercom

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Terrace

Community Details

  • Williamsburg Subdivision
  • Building Terrace

Listing and Financial Details

  • Legal Lot and Block 33 / 2762

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,778

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Cross Street: Lorimer Street/Leonard Street
  • 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: 2460.0
  • Living Area Units: Square Feet
  • Rooms (Total): 16

Beds/Baths

  • Full Bathrooms: 3
  • Bathrooms Integer: 3
  • Bedrooms: 8

Exterior Features

  • Exterior Features: Balcony
  • Patio/Porch Features: Building Terrace, Terrace, Balcony

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 19.0 x 75.0

Building Info

  • Total Stories: 3
  • Year Built: 1910

Tax Info

  • Tax Block: 2762
  • Tax Lot: 33

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Nov 23, 2021
Sold by
Huang Li Sheng and Kwan Chau Fai
Bought by
59 Devoe Street Llc
Seller's Agent
Paula Manna
Compass
List Price
$1,625,000
Sold Price
$1,625,000
Current Estimated Value
$1,877,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,217
Avg. Annual Appreciation
2.83%
Original Mortgage
$1,399,511
Outstanding Balance
$1,292,127
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$511,331

Purchase Details

Closed on
Apr 11, 2003
Sold by
Huang Li Sheng and Kwan Chau Fai
Bought by
Huang Li Sheng and Kwan Chau Fai

Purchase Details

Closed on
May 30, 1997
Sold by
Kwan Chow Kwan and Huang Li Sheng
Bought by
Kwan Chow Kwan and Huang Li Sheng
Source: Public Records

Range of Values:

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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
59 Devoe Street Llc $1,625,000 --
59 Devoe Street Llc $1,625,000 --
Huang Li Sheng -- --
Huang Li Sheng -- --
Kwan Chow Kwan $15,000 --
Kwan Chow Kwan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 59 Devoe Street Llc $120,700
Open 59 Devoe Street Llc $1,399,511
Closed 59 Devoe Street Llc $729,789
Closed 59 Devoe Street Llc $1,399,511
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
08/20/2021 08/20/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $1,625,000 -- $661 / 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 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10029345

Real Estate Board of New York (REBNY)

APN: 02762-0033