May 17, 2022

48 Devoe Street





View the listing here: https://www.compass.com/listing/1008592116494053425/view

48 Devoe St is a perfectly renovated & turnkey home on coveted and tree-lined Devoe St between Union Ave and Lorimer Street. The home offers incredible rental income for an end user or investor.

This four story gem consists of an upper duplex with roofdeck potential, over the lower duplex with basement and a backyard. Either unit would work for an end user with the rental unit income covering a majority of the home’s monthly expenses.

The townhouse features: Anderson casement windows, oak hardwood floors, recessed lighting, Frederich’s AC units, baseboard heating, high ceilings, stainless appliances, a gas & vented washer/dryer in each unit, windowed kitchens, granite countertops, video security, and even a secure package drop bin for deliveries. The facade is in excellent shape and there are Empire State Building views from the top floor.

The first unit boasts an open concept living room, an eat in kitchen and dining area. From there you step out onto your backyard patio area, ideal for entertaining, gardening, or dining al fresco. Second floor includes a bedroom, full bathroom, and a den/home office. There is also access to a maintained basement with washer/dryer and tons of storage. Rental income for the lower unit is conservatively estimated to be $5500.

The upper duplex is larger than below because of eliminated stairwells, opening things up for an impressive living room which flows into an eat-in-kitchen, with a large storage area under the staircase. The primary bedroom is almost 250 sq ft in size and the south-facing second bedroom overlooks the backyard and other townhouse gardens. The upper unit can easily generate $5,000/mo.

As a Lorimer L train resident of over 10 years, the location cannot be beat, with most in the neighborhood agreeing Powers, Ainslie, and Devoe are the most coveted townhouse streets in Williamsburg. You cannot walk down the block without greeting at least a neighbor or two, creating a quaint city suburban feel and community. Located 1 block from the Lorimer L and Metropolitan G trains, a Citibike station, a short distance from McCarren Park, and surrounded by the best nightlife & restaurants in Brooklyn.

*First floor tenant in place until early August. Upper duplex can be delivered vacant. Easy to show the upper duplex, however lower unit showings available for serious buyers on second visits.

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