232 Kingsland Ave - Apartments FOR SALE


Brooklyn, NY 11222- Greenpoint
$2,400,000 USD
917-836-3160
232 Kingsland Ave, Brooklyn, NY for Sale
$2,400,000 USD
Apartments - FOR SALE
1/17
null | 6% Cap Rate

232 Kingsland Ave
Brooklyn, NY 11222
Greenpoint


HIGHLIGHTS

  • Easy access to parks, dining, and public transportation.
  • Ideal for redevelopment, rental income, or transforming into a high-end residence.
  • Spacious layout with ample possibilities for customization and maximizing value.

OVERVIEW

Vacancy Opportunity: Two owner-occupied units (1L & 1R) will be delivered vacant, offering the potential to generate $3,000+/month each post-renovation, with higher rents possible depending on finishes. Current Rent Roll: Unit Breakdown: Unit 1L Owner occupied (Rent Stabalized $2,200/month) Unit 1R: Owner-occupied (Rent Stabalized $2,200/month) Unit 2L (Rent-Stabilized): $2,196.15/month (Lease in place) Unit 2R $2,250/month (Month-to-month) Unit 3L (Rent-Stabilized): $2076.04/month starting (Renewed Lease for 3/14/2025) Unit 3R : $2,250/month (Month-to-month) Separate Electrical Meters and Gas Meters- Each unit has its own meter for simplified utility billing. Potential Upside: Renovated units can achieve market rents exceeding $3,000/month, enhancing the property's income potential.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$492 USD /SF

# OF UNITS

6

PRICE/UNIT

$400,000

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,451 SF

ZONING

R6B

APN/PARCEL ID

02689-0071

ASK ABOUT THIS PROPERTY

Chris CaggianoeXp RealtyMore Info
917-836-3160

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Chris CaggianoeXp RealtyMore Info
917-836-3160

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.