New York, NY 11211

Property

Ownership: For Sale
Type: Unknown
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$2,999,999
Annual Taxes:$35,785.40
Listing Courtesy of Attias Property Group Inc

Excellent investment opportunity in Williamsburg.

Description

Excellent investment opportunity in Williamsburg. 227 Devoe Street consists of two separate buildings with five residential units in each, for a total of 10 apartments. Three apartments will be delivered vacant, including a spacious 4-bedroom owner’s unit with direct access to the backyard, providing immediate rental upside and flexibility for an owner-user or investor. The property has been well maintained and updated throughout. The exterior, roof, and boiler have all been renovated or replaced within the last five years, and the building has been consistently kept in excellent condition. Conveniently located near public transportation, shopping, restaurants, and neighborhood amenities, this is a solid Williamsburg multifamily investment with strong existing income and additional upside. Ideal for investors, owner-users, 1031 exchange buyers, or those seeking a multifamily asset with substantial potential and a future value-add strategy. Set-up with rental income available upon request.

Amenities

  • Electricity Connected
  • Other

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.