247 Devoe Street — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11211

Investment Figures

Cap rate
5.90%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 247 Devoe Street, a well-maintained six-unit multifamily property located in the heart of Williamsburg, Brooklyn, one of New York City’s most desirable and supply-constrained rental markets. The property consists of approximately 4,500 square feet situated on a 25’ x 100’ lot and is configured entirely with six two-bedroom apartments, appealing to the strong demand for shared housing and family-oriented rentals in the neighborhood. Investment Highlights: • 247 Devoe Street, built in 1920, comprises 6 residential units, approx 4,500 SF. • 4 Free Market Units & 2 Rent Stabilized Units | Tax Class: 2A | Zoning R6B | • Located in East Williamsburg, the property benefits from proximity to some of Brooklyn's most vibrant retail, dining, and nightlife corridors, including Graham Avenue and nearby lifestyle destinations

Market Context

This multifamily in Brooklyn, NY is listed for sale. It is offered at an approximate 5.9% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

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