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39 Debevoise Street Brooklyn, NY 11206
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39 Debevoise Street Brooklyn, NY 11206
39 Debevoise Street Brooklyn, NY 11206
39 Debevoise Street Brooklyn, NY 11206
39 Debevoise Street Brooklyn, NY 11206
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39 Debevoise Street

Brooklyn

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Price Drop
$ 2,680,000
[0.74%] [$ -20,000]
Building For Sale
Property Type
Active
Status
  • 39 Debevoise Street
  • $ 2,680,000
39 Debevoise Street Brooklyn, NY 11206

Building Details

39 Debevoise Street Brooklyn, NY 11206
Mixed Use
Ownership
Commercial
Building Type
0.05 Acres / 2,500 SF
Lot Size
2011
Year Built

Photos

39 Debevoise Street Brooklyn, NY 11206
39 Debevoise Street Brooklyn, NY 11206
39 Debevoise Street Brooklyn, NY 11206
39 Debevoise Street Brooklyn, NY 11206

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.
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 Courtesy of Keller Williams Landmark II

Features

A/C
Public Sewer
39 Debevoise Street Brooklyn, NY 11206

Utilities

Public Water Source
39 Debevoise Street Brooklyn, NY 11206

Contact

License Licensed As: Not Applicable
Coldwell Banker Reliable Real Estate

Coldwell Banker Reliable Real Estate

License Licensed As: Not Applicable
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OneKey MLS
Information Copyright 2025, OneKey™ MLS. All Rights Reserved. Disclaimer: The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Source of Information: The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. Data last updated: 06/14/2025 10:53AM
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
MLSID: KEY842824