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232 Kingsland Avenue

BROOKLYN, NY 11222
  • $2,400,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 487601
UPDATED: 62 min ago
$2,400,000
  • 12
    BEDS
  • 0.06
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,875
    SQFT
  • $492
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1931
Area:

School Ratings & Info

Description

Prime Greenpoint property ideal for investors and developers.Key Features:Location: Close to parks, dining, and transit.Vacancy Potential: Units 1L & 1R delivered vacant; post-reno rents $3,000+/month.Current Rent Roll:1L & 1R (Owner-occupied, $3,000 potential)2L (Stabilized): $2,196.15 (lease)2R: $2,250 (month-to-month)3L (Stabilized): $2,020.48 (lease)3R: $2,250 (month-to-month)Financial Highlights:Total Expenses: $24,325NOI: $85,025 (Current), $156,785 (Post-Reno)Cap Rate: 6.53% (Projected)Why Invest? Steady income, growth potential, and dynamic Greenpoint location.

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© 2025 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2025-01-13T13:00:17.993.
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232 Kingsland Avenue BROOKLYN, NY 11222

  • Price: $2,400,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 62 min ago
  • MLS #: 487601
12
Beds
6
Baths
0
½ Baths
0.06
Acres
4,875
SQFT
$492
$/SQFT
1931
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Greenpoint
Property Description
Prime Greenpoint property ideal for investors and developers.Key Features:Location: Close to parks, dining, and transit.Vacancy Potential: Units 1L & 1R delivered vacant; post-reno rents $3,000+/month.Current Rent Roll:1L & 1R (Owner-occupied, $3,000 potential)2L (Stabilized): $2,196.15 (lease)2R: $2,250 (month-to-month)3L (Stabilized): $2,020.48 (lease)3R: $2,250 (month-to-month)Financial Highlights:Total Expenses: $24,325NOI: $85,025 (Current), $156,785 (Post-Reno)Cap Rate: 6.53% (Projected)Why Invest? Steady income, growth potential, and dynamic Greenpoint location.
Exterior Features

Building Length 65.00 Building Width 25.00 Construction Materials Wood Frame Exterior Vinyl Siding Lot Size Length 100 Lot Size Width 25 Parking Attributes None Parking Feature Street Roof Flat Yard Back

Interior Features

Basement Amenities Semi-Finished Building Footprint Sq Ft 1625 Flooring Hardwood Foundation Details Poured Concrete Heat Delivery Heat Pump Total Rooms 48

Property Features

ACUnits 0 Block 2689 Building Amenities Storage rooms Construction Type Attached Cross Street Name Driggs Av Cross Street Name2 Nassau Av Electric 220 V Financing Bank MortgageCash Gross Income 130660 Handicap Access Unknown Heating Fuel Gas Hot Water Gas Insurance Expense 5000.00 Lot Number 71 Lot Size Irregular YN 0 Net Operating Income 102600.00 Number Of Families 6 Property Sub Type Multi-Family Property Type Residential Residential Features DeckDishwasherDryerMicrowaveRefrigeratorStoveWasherWindow Treatments Sale Type Arm's Length Tax Amount 11560.00 Transaction Type Sale Utility Expense 1500.00 Zoning R6B

Listing information © 2025 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of eXp Realty BKNY: (888) 276-0630.


© 2025 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Data last updated: 2025-01-13T13:00:17.993.
 
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