Seller's Agent in 2026
Nicholas Hovsepian
Corcoran Group
(310) 748-8668
5 in this area
184 Total Sales
59 Devoe St Brooklyn, NY 11211
Williamsburg Neighborhood
7
Beds
6
Baths
2,400
Sq Ft
1,500
Sq Ft Lot Lot
Highlights
- Green Building
- 1-minute walk to Lorimer Street (L Line)
- Central Air
- P.S. 132 The Conselyea School Rated A-
- Patio
- 4-minute walk to Father Giorgio Triangle
About This Home
As of May 2026Meet 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
Last Agent to Sell the Property
Corcoran Group License #10401223848 Listed on: 01/27/2026
Townhouse Details
Home Type
- Townhome
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
Eco-Friendly Details
- Green Building
- Smoke Free Home
Additional Features
- Patio
- Central Air
Community Details
- 3 Units
- Williamsburg Subdivision
Listing and Financial Details
- Legal Lot and Block 0033 / 02762
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%
Original Mortgage
$1,399,511
Outstanding Balance
$1,265,406
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,331,927
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
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,399,511 | Purchase Money Mortgage | |
| Closed | $1,399,511 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/08/2026 05/08/26 | Sold | $2,989,000 | -0.2% | $1,245 / Sq Ft | |
| 02/26/2026 02/26/26 | Pending | -- | -- | -- | |
| 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 |
Source: Real Estate Board of New York (REBNY)
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 |
|---|---|---|---|---|
| 2026 | $4,821 | $133,920 | $14,580 | $119,340 |
| 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
-
Nicholas Hovsepian
-
Leslie Marshall
Seller Co-Listing Agent in 2026
Leslie Marshall
Corcoran Group
(646) 361-3384
5 in this area
221 Total Sales
-
Stephanie Wilberding
Seller Co-Listing Agent in 2026
Stephanie Wilberding
Corcoran Group
(347) 724-5113
3 in this area
50 Total Sales
-
Keren Atzlan
K
Buyer's Agent in 2026
Keren Atzlan
Reserve Partners
(917) 584-4925
2 in this area
21 Total Sales
-
Paula Manna
Seller's Agent in 2021
Paula Manna
Compass
(917) 324-1340
11 in this area
22 Total Sales
Map
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20068888
APN: 02762-0033
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
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