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.
| MLS # | 1055840 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1920 |
| Days On Site | 45 |
| Listing Provided By | Attias Property Group Inc | Rene Attias |
| SQ Feet | 3,750 |
|---|---|
| Basement | Y |
| Units | 10 |
| Acreage | 0.06 |
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas, Other |
| Interior Features | Other |
| Construction Materials | Frame |
|---|
| Garage Yes / No | No |
|---|---|
| Parking Features | On Street |
| Utilities | Electricity Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 535050 |
| Tax Annual Amount | 35785.4 |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11211 |
| School District | Progress Hs-Professional Careers |
| Elementary School | Ps 132 Conselyea School |
| High School | Progress Hs-Professional Careers |
| Listing VS Median (in 11211) | |
Price: $2,999,999 low | high Med: $1,982,500 sqft: 3,750 low | high Med: 1,612 $ / sqft: $800 low | high Med: $1,369 On site: 45 low | high Med: 153 | |
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11211 |
| School District | Progress Hs-Professional Careers |
| Elementary School | Ps 132 Conselyea School |
| High School | Progress Hs-Professional Careers |
| Listing VS Median (in 11211) | |
Price: $2,999,999 low | high Med: $1,982,500 sqft: 3,750 low | high Med: 1,612 $ / sqft: $800 low | high Med: $1,369 On site: 45 low | high Med: 153 | |
![]() | $3,099,000382 Manhattan AvenueBrooklyn, NY 11211 |