Property Listing No Longer Available for Sale

242 Kingsland Avenue, Brooklyn, NY

Multi-family for Sale - $3,500,000 - 4,874 Sq. Ft. on 2500 acres


Property Info

CIMLS#1130277
Location
  242 Kingsland Avenue
  Brooklyn NY 11222
UpdatedAugust 1st, 2022
TypeMulti-family
Price$3,500,000
Building4,874 Sq. Ft.
Land2500 acres

Property Description

Prime Greenpoint Three story building six family Investment building for sale. 5 Free Market and 1 RS. Each unit has two bedroom, one full bath, living room; hardwood floors; ' 10'2 ft ceiling. One block to park. Subway few blocks walking; surrounded by great restaurants, cafe, brewry..

Spacious rooms with lots of natural lights. Each units has Dishwasher; most of the unit has its own W/D

Current cap 4.8% with many upsides


Financials

Gross $190K

Expenses $24K

NOI $166K

Asking $3.5M

Lot 25x100

Building 25x65

1931 Build