118 Kingsland Avenue #1 Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11222
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Greenpoint
MLS Listing ID RLS20006490
Bedrooms 12
Year Built 1900
Annual Tax Amount $7,032
Property Sub-Type Single Family Residence
Property Description
Exceptional Investment Opportunity in East Williamsburg!
Unlock a free-market investment with a projected CAP rate of 6.5% in one of the most sought-after neighborhoods.
118 Kingsland Avenue is a four-unit property, generating strong rental income while also serving as an owner-occupied residence.
Property Overview:
- Total Units: 4 (spread across two separate structures: 118 Kingsland Ave & 118 1?2 Kingsland Ave)
- Total Bedrooms: 12
- Total Bathrooms: 8
- Lot Size: Approx. 2,887 sq. ft.
- Zoning: M1-1 (allowing for residential and commercial possibilities)
Unit Breakdown:
118 Kingsland Ave
- Unit 1: 4BR/3BA Duplex - Spacious layout with direct basement access, ideal for added functionality.
- Unit 2: 4BR/2BA - Bright and airy, featuring a private deck for outdoor enjoyment.
118 1?2 Kingsland Ave
- Unit 1: 3BR/2BA - Open-concept layout with a comfortable, inviting feel.
- Unit 2: 1BR/1BA - Includes a private deck, perfect for relaxation or entertaining.
The basement has washer hookups. Currently, only one apartment has access to the basement, but with two entrances, it presents a great opportunity to create an in-building laundry facility for all tenants.
Why Invest in 118 Kingsland Avenue?
? Turnkey Investment - Fully rentable or ideal for an end-user looking to occupy one unit while renting out the others, ensuring immediate income with free-market rent.
? No Rent Regulations - No rent restrictions, offering full flexibility.
? Outdoor Space - Private decks and a backyard enhance tenant appeal.
? Prime Location - East Williamsburg is rapidly growing, with increasing property values.
? Easy Transit Access - Close to the G & L subway lines and the East River Ferry for quick commutes.
? High Tenant Demand - Surrounded by trendy cafes, restaurants, and cultural hotspots.
This well-maintained, income-producing property offers stability and long-term growth potential in one of Brooklyn's most dynamic neighborhoods. Whether you're looking to expand your portfolio or secure a high-performing asset, 118 Kingsland Avenue is a rare opportunity worth considering.
Common Outdoor Space,No pets,Private outdoor space,Ac,Pre-War,Outdoor Space,In-unit Laundry
Location
State NY
County Kings
Building Detail https://search.sabateamnyc.com/nyc/buildings/118-kingsland-ave
Interior
Heating None
Laundry Building None,In Unit
Exterior
View Y/N No
Building
Dwelling Type House
New Construction No
Others
Monthly Total Fees $586
Pets Allowed Building No,No