Active
9 Devoe Street
Brooklyn NY, 11211
$9,250,000
$856.48 per sqft
Active
5 Beds
10 Baths
10,800 sqft
Multi-family
Built in 1930
Excellent Investment/Development opportunity in Williamsburg Brooklyn! Standing predominantly at
the corner of Union Avenue and Devoe Street, this beautiful free market, 9 unit, mixed-use corner
property comprises three contiguous buildings on one tax lot and ample FAR to build. Conveniently
located just a short block from the Metropolitan Ave L/G train station, this highly desirable and
bustling area presents tremendous potential for investment and further development.
-430 Union Ave: A Charming 5-family brick residential building with finished basement, two 1-
bedroom units, two Junior 1-bedroom units & one 2-bed/2-bath.
-426 Union Ave (AKA 1-5 Devoe St): Two-story corner retail & office building with basement, offering
2 Units ranging 1600-1800sqft each
-9 Devoe Street: Two-story brick building hosting 2 lofts, each approximately 1200Sqft, complete
with a backyard and roof deck
Additional highlights include a 325 sqft bonus workspace, two legal curb cuts and additional FAR to
build offering further development potential.
With a pro-forma NOI of $530K in as is condition with a little renovation and a 6.2% CAP rate, this
property offers great income with minimal maintenance.
All units are free-market and in excellent condition, with tenants currently on month-to-month
leases, except three residential units whose leases expire in 2024.
Lot: 50 x 108
Lot SQFT: 5,400
Building SQFT: 10,800
FAR 4
FAR as built: 2
Zoning: R7A, C2-4
For further details, please don't hesitate to contact me
RSFT-00110000000291
MLSⓇ ID
December 22, 2023
Listed
November 4, 2024
Updated
Map
9 Devoe Street
Brooklyn NY, 11211
Interior Features
Total Stories
5
Bedrooms
5
Total Bathrooms
10
Full Bathrooms
8
Half Bathrooms
2
Laundry Description
Building In Basement
Fireplace
No
Cooling
Yes
Cooling Description
Ductless
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
0.12 Acres
Other Property Details
Taxes
$55,944
Tax Frequency
Annually
HOA Frequency
Monthly
Garage
No
View
No
County
Kings
Pool
No
Listed by JENNIFER DOSCHER with Brick & Mortar LLC
Listing Contact: (347) 859-9909
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 11/4/2024 at 3:32 PM UTC