House, 118 Kingsland Avenue #1, East Williamsburg - Real Estate New York

Description

Exceptional Investment Opportunity in East Williamsburg!

Unlock a free-market investment with a projected CAP rate of 6.5% 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)

Unit Breakdown:

118 Kingsland Ave
- 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
- 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 LLC ...
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