242 Kingsland Avenue, Greenpoint, NY 11222

26 Photos
Active for Sale
Listing ID 11057226
Property Type Commercial
County Kings
Township Brooklyn
Total Tax $11,182
Tax ID 02689-0076
Year Built 1931
Great Location ! 12 Bedrooms. 10 BR are Free Market. Six Units multi-family with 5 units are FREE Market with upside>. Well maintained Pre-War three stories brick building . Great for end user/Investors. HIgh rent area with potential for upside. NEW heating system. Two units with private garden. Most units have its own W/D. Walk minutes to G(Nassau) or L(Bedford) subway,one block to McGolrick park, BQE. Lots of the trendy shops, bakery, brewery, famous donut shop and great restaurants. Up and coming hip neighborhood. Income and Expense report available. Fully Occupied with current cap 4.8% ; a couple of units due to expired; lots of upsides to increase cap rate exceed more than 5.25%. Buy now see your investment grow..
Property Details
  • 0.06 Acres
  • 2500 Sq. Ft. Lot
  • Built in 1931
  • 3 Stories
  • 6 Units
  • Lot Dimensions/Acres: 25x100
Interior Features
  • Building Size: 25x65
  • Gross Income $190,380
  • Net Income $166,283
  • Operating Exp $24,097
Taxes and Fees
  • $11,182 Total Tax
Listed By
Charles Rutenberg Realty Inc
Office: 631-790-5311
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