1. New York
2. Brooklyn
3. 39 Debevoise Street

39 Debevoise Street, Brooklyn, NY 11206

• 5,694 sqft

Property 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.

Listing Status:

Active

Listing Office:

Keller Williams Landmark II : 347-846-1200

MLS ID:

842824

Interior

• Basement: FinishedWalk-Out Access
• A/C: Wall/Window Unit(s)
• Heating: Natural Gas

Location

Lot

Utilities

Financial

This listing courtesy of Keller Williams Landmark II