118 Kingsland Ave, Brooklyn, 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.