$2,680,000

39 Debevoise Street , Brooklyn, NY 11206

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial Sale:5,694 sqft
Lot:0.06
Year Built:2011
Listing Status:Active

Listing Agent

Carlos Delgado
http://www.kwnyhomes.com
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Description

We are pleased to offer a high-performing mixed-use property located in the heart of Williamsburg, Brooklyn — one of New York City’s most dynamic and desirable neighborhoods for both residential and commercial tenancy. Constructed in 2000 and meticulously maintained, this three-story asset comprises a ground-floor retail space currently occupied by a long-standing deli operator, one full-floor 3-bedroom residential unit, and four 1-bedroom apartments. All units are separately metered, with clean utility separation and low-maintenance common areas. Importantly, there are no leases in place, presenting a rare opportunity for immediate repositioning to market rents in an area experiencing sustained demand and limited supply. The property generates a gross annual income of $246,000, with modest operating expenses totaling $85,384. After accounting for a standard 5% vacancy reserve, the net operating income stands at approximately $148,316. Based on a 5.5% capitalization rate, this implies a market valuation in the range of $2.7 million. Financing scenarios at 75% loan-to-value and a 6% interest rate project a strong cash-on-cash return, with ample debt coverage supported by in-place income. Williamsburg continues to attract a diverse and affluent tenant base, driven by its unique blend of residential appeal, retail vibrancy, and transit accessibility. This asset is exceptionally positioned to benefit from the neighborhood’s long-term trajectory, offering both immediate cash flow and long-range value appreciation.

Detailed Items

Other Information

39 Debevoise Street, Brooklyn, NY, 11206 is a commercial sale listing of 5,694 sqft on a lot of 0.06. This commercial sale listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property39 Debevoise Street, Brooklyn, NY
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