Fully Renovated 4-Family Investment in Williamsburg with a 6% Cap Rate! 139 Kingsland Avenue is a rare offering in Williamsburg: a fully gut-renovated four-family building where all of the hard work is already done and the numbers actually make sense from day one. This building was completely rebuilt from the… Read More inside out with new plumbing, electrical, and mechanical systems, and each residence was stylishly designed to keep long-term tenants. Each of the four apartments offer Two beds and two full bathrooms Laundry in every unit Thoughtful, modern finishes and appliances throughout A private, keyed storage unit for each apartment Two units enjoy private backyard access, and two units are enhanced with skylights that bring in beautiful natural light. The finished basement has private storage rooms offer an unexpected amenity that tenants genuinely appreciate. From an operational standpoint, this is as clean as it gets. Tenants pay their own heating and cooling, keeping owner expenses low. The property is Tax Class 2A with annual taxes under $10,000, which is extremely favorable for a four-family of this size and quality. With a net operating income of $181,581, the property is delivering approximately a 6% cap rate in Williamsburg. This is a true turnkey, low-maintenance asset that offers immediate cash flow today and long-term appreciation in a neighborhood with consistently strong rental demand. Read Less
Listing Courtesy of: Nicholas Andrew Hovsepian, Corcoran Group, 212-355-3550.
Listing Snapshot
Days Online
67
Last Updated
Property Type
MultiFamily
Beds
8
Full Baths
8
Square Ft.
3,467
Lot Size
0.05 Acres
Year Built
1930
MLS Number
RLS20068854
30 Days Snapshot Of 11222
$1.31M
-48%
(avg) sold price
7
+40%
homes sold
Snapshot
Area Map
Additional Details
Building
Entry Level: 1, Features: GreenBuilding, Living Area Units: SquareFeet, Rooms Total: 16, Structure Type: Townhouse
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by The Anwar Team at Compass. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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