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Free Market Multifamily Building in Greenpoint

$3,175,000

230 Kingsland Avenue, Brooklyn, NY 11222

Active
Last Updated: 12/13/2021

4.98

Cap Rate

158,071

NOI

Details:
Cap Rate:    4.98%
NOI:    $158,071
Building Size:    4,875 sqft
Lot Area:    2,500 sqft
Units:    6
Price Per Sqft:    $651
Price Per Unit:    $529,167
Zoning:    R6B
Description:

Ariel Property Advisors has been retained on an exclusive basis to sell 230 Kingsland Ave, a 6-unit multifamily building located in a prime Greenpoint location. The subject property is located on the northside of Kingsland Ave between Nassau and Driggs Ave.

230 Kingsland Ave is a 3-story, 4,875 sq ft, 6 unit multifamily building with a beautifully finished wood cladding exterior facade. The property consists of six residential units which are 2-bedroom apartments with immaculate condo quality modern finishes featuring hardwood flooring, high ceilings, and updated kitchens and bathrooms. The open kitchen in each unit is furnished with full-sized stainless steel appliances including a dishwasher, plenty of cabinets and countertop island for barstool seating. Each apartment has a separate storage unit in which income is not being collected. The property also includes amenities such as a coin-operated laundry room and private storage in the cellar. 230 Kingsland Ave presents immediate cash flow with no deferred maintenance to investors who are seeking a steady income asset in the heart of Greenpoint, Brooklyn.

230 Kingsland Ave is conveniently surrounded by local eateries, historical buildings, waterfront views, parks and easy access to other boroughs. It is just blocks away from the Nassau Avenue Station G line and the Graham Station L line and is four blocks away from Interstate 278 which facilitates access to Manhattan and Queens.

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