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139 Kingsland Avenue

$3,250,000

Greenpoint, Brooklyn, NY

Neighborhood
Greenpoint
Type
Multi-family
Sq Ft
2,401
units
4

Property Description

Excellent Investment Opportunity – Fully Renovated 4-Family in Prime Greenpoint Location

Don't miss this rare chance to own a fully gut-renovated 4-family property in one of Brooklyn’s most desirable neighborhoods. Located in the heart of Greenpoint, this turnkey investment features:

Four Spacious Units: Each apartment offers 2 bedrooms, 2 baths with top of the line finishes and applicances, washer and dryer in every unit.

2 units with private backyard.
2 units with skylight.
Complete Renovation: The building was fully gutted and renovated with all-new systems, including plumbing, electrical, and mechanicals.

Finished Basement: Includes private large keyed storage unit, adding extra value for tenants.

Strong Rental Income: Projected gross rental income of $222,000 annually.

Tenant-Paid Heat: Tenants are responsible for their own heating, minimizing owner expenses.

Favorable Tax Class: Classified as Tax Class 2A, with annual taxes under $10,000.

With high rental demand in Greenpoint, this property offers both immediate cash flow and long-term appreciation. A true gem for investors seeking a low-maintenance, high-yield asset in a thriving neighborhood.

Block & Lot:
02829-0022
Property Type:
Multi-family
Neighborhood:
Greenpoint
Cross Streets:
Meeker & Herbert
Building Dimensions:
24.5 x 49 ft
Lot Dimensions:
24.5 x 82 ft
Units:
4
Zoning:
R6B
FAR:
2
Tax Class:
2A

Exclusive Agents

Committed to get
the deal done