232 Kingsland Avenue

$2,400,000
Price
12
Beds
6
Baths
4,875 Sq. Ft.
$492 / Sq. Ft.
4,875
Sq. Ft.
$492
per Sq. Ft.

Description

Discover the incredible investment potential, a 6-family property located in the vibrant and highly sought-after Greenpoint neighborhood of Brooklyn. This property offers an exceptional opportunity for investors and end-users alike, with two units (1L and 1R) delivered vacant at closing and the remaining units tenant-occupied, providing immediate cash flow. With two rent-stabilized units and significant upside for market-rate rentals, this property has the potential to achieve rents exceeding $3,000...Discover the incredible investment potential, a 6-family property located in the vibrant and highly sought-after Greenpoint neighborhood of Brooklyn. This property offers an exceptional opportunity for investors and end-users alike, with two units (1L and 1R) delivered vacant at closing and the remaining units tenant-occupied, providing immediate cash flow. With two rent-stabilized units and significant upside for market-rate rentals, this property has the potential to achieve rents exceeding $3,000 per month after renovations. Perfect for a 1031 exchange investor or those looking to build their portfolio, this property combines immediate income with long-term appreciation. Ideally situated near the G train (Nassau Avenue) and L train (Graham Avenue), the property offers seamless access to Manhattan and other parts of Brooklyn, making it a prime location for renters. Surrounded by parks, trendy restaurants, and boutique shops, this property appeals to a wide variety of tenants seeking both convenience and lifestyle. With its balanced mix of stability and future income growth, this is perfect for investors looking to add value in one of Brooklyn’s most dynamic neighborhoods. Don’t miss your chance to own this versatile property with tremendous upside potential.

Amenities

  • Walk Up
  • Washer / Dryer in Unit
  • Air Conditioning
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise
LISTING UPDATED: 11/25/2024 09:29 AM

Property Details for 232 Kingsland Avenue

StatusActive
MLS ID487601
Days on Market4
Taxes$11,560 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeMultiFamily
Year Built1931
Lot Size2,500 SF / 25' x 100'
CountyKings County

Building

232 Kingsland Ave

6 Units3 StoriesBuilt in 1931

Building Information for 232 Kingsland Avenue

Stories3Residences6Year Built1931Building Size25' x 65'Building Sq. Ft4,875 SFLot Size2,500 SF / 25' x 100'Building Age-Building Type-

Property Information for 232 Kingsland Avenue

Summary
Location and General Information
  • Block: 2689
  • Cross Street Name: Driggs Av
  • Cross Street Name: Nassau Av
  • Zoning: R6B
  • Roof: Flat
  • Residential Features: Deck, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer, Window Treatments
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: Bank Mortgage, Cash
  • Tax Amount: 11560.0
  • Gross Expense: 28060.0
  • Gross Income: $130,660.00
  • Cap Rate: .04%
Property
Lot Information
  • Sq Ft Total: 4875
  • Yard: Back
  • Lot Number: 71
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 25
Utilities
  • Heat Delivery: Heat Pump
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
  • Utility Expense: 1500.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Semi-Finished
  • Baths Three Quarter: 0.0
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood
  • Unit Count: 1
  • Building Amenities: Storage rooms
  • Construction Materials: Wood Frame
  • Electric: 220 V
Exterior Features
  • Exterior: Vinyl Siding
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1625.0
  • Building Length: 65.0
  • Building Type: Attached
  • Building Width: 25.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 2
  • Unit Category: Apt
  • Unit Floor: 1/1
  • Unit Rooms Total: 5
  • Unit Status: Vacant
  • Unit Unit Type: 2 Bedrooms
Agent
Agent Information
  • Net Operating Income: 102600.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 5000.0
  • Owner Occupied: Vacant

Property History for 232 Kingsland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 232 Kingsland Avenue

Taxable ValueLand$6,750Additions$735,750Total$742,500
Home Facts
Total Finished SqFt4,875 SqFtLot Size2,500 SqFtYear Built1931ZoningR6BAPN3026890071

Schools near 232 Kingsland Avenue

This home is within Nyc Geog District #14 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 2
Rating
School
Distance
P.S. 110 The Monitor
PublicPK to 5

John Ericsson Middle School 126
Public6 to 8

A-Tech High School
Public9 to 12

Citizens of the World Charter School 1
CharterK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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232 Kingsland Avenue is a townhouse for sale in Greenpoint. This property was listed for sale on November 21, 2024 by eXp Realty BKNY, it's currently listed at $2,400,000. This listing's school district is Nyc Geog District #14 - Brooklyn. Nearby schools include P.S. 110 The Monitor, John Ericsson Middle School 126 and A-Tech High School. 232 Kingsland Avenue is a 12-bed, 6-bath, 4,875 sqft townhouse built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty BKNY

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