$ 2,500,000
Active
Status
14
Rooms
12
Bedrooms
8
Bathrooms
$ 586
Real Estate Taxes
[Monthly]
Description
Exceptional Investment Opportunity in East Williamsburg! Legal 4-unit property: 118 Kingsland Ave & 118 1/2 (2 buildings on the same lot)
Unlock a free-market investment with a projected CAP rate of 7.5% 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)
- 1031 Exchange Opportunity
Unit Breakdown:
118 Kingsland Ave (Front Building)
- 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 (Back Building)
- 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
Unlock a free-market investment with a projected CAP rate of 7.5% 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)
- 1031 Exchange Opportunity
Unit Breakdown:
118 Kingsland Ave (Front Building)
- 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 (Back Building)
- 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
Exceptional Investment Opportunity in East Williamsburg! Legal 4-unit property: 118 Kingsland Ave & 118 1/2 (2 buildings on the same lot)
Unlock a free-market investment with a projected CAP rate of 7.5% 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)
- 1031 Exchange Opportunity
Unit Breakdown:
118 Kingsland Ave (Front Building)
- 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 (Back Building)
- 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
Unlock a free-market investment with a projected CAP rate of 7.5% 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)
- 1031 Exchange Opportunity
Unit Breakdown:
118 Kingsland Ave (Front Building)
- 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 (Back Building)
- 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
Listing Courtesy of Highline Residential
Features
A/C
Patio
Washer / Dryer
Building Details
Multi-Family
Ownership
Townhouse
Building Type
Voice Intercom
Service Level
Walk-up
Access
2840/5
Block/Lot
25'x113'
Lot Size
Pre-War
Age
1920
Year Built
2/2
Floors/Apts
Building Amenities
Courtyard
Contact
Charles Mazalatis
License
Licensed As: Charles Mazalatis
President & Licensed Real Estate Broker
Mortgage Calculator
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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.
Listing ID: 66643TH
