118 Kingsland Avenue, New York City, NY 11222

Exceptional Investment Opportunity in East Williamsburg! Legal 4-unit property: 118 Kingsland Ave & 118 1/2 (2 buildings on the same lot)

Unlock a free-market investment with a projected CAP rate of 7.5% 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)
– 1031 Exchange Opportunity

Unit Breakdown:

118 Kingsland Ave (Front Building)
– 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 (Back Building)
– 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.
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Common Outdoor Space,No pets,Private outdoor space,Ac,Pre-War,Outdoor Space,In-unit Laundry