8 Beds
8 Baths
3,467 SqFt
8 Beds
8 Baths
3,467 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,467 sqft
Price per Sqft $863
Subdivision Williamsburg
MLS Listing ID RLS20068854
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 1930
Annual Tax Amount $9,312
Property Sub-Type Multi Family
Property Description
139 Kingsland Avenue is a rare offering in Williamsburg: a fully gut-renovated four-family building where all of the hard work is already done and the numbers actually make sense from day one. This building was completely rebuilt from the inside out with new plumbing, electrical, and mechanical systems, and each residence was stylishly designed to keep long-term tenants.
Each of the four apartments offer
Two beds and two full bathrooms
Laundry in every unit
Thoughtful, modern finishes and appliances throughout
A private, keyed storage unit for each apartment
Two units enjoy private backyard access, and two units are enhanced with skylights that bring in beautiful natural light.
The finished basement has been transformed into a residents' lounge complete with a ping pong table, and private storage rooms offer an unexpected amenity that tenants genuinely appreciate.
From an operational standpoint, this is as clean as it gets. Tenants pay their own heating and cooling, keeping owner expenses low. The property is Tax Class 2A with annual taxes under $10,000, which is extremely favorable for a four-family of this size and quality.
With a net operating income of $181,581, the property is delivering approximately a 6% cap rate in Williamsburg.
This is a true turnkey, low-maintenance asset that offers immediate cash flow today and long-term appreciation in a neighborhood with consistently strong rental demand.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Central Air
Fireplace No
Appliance Washer Dryer Allowed
Laundry Washer Hookup, In Unit
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 2
New Construction No
Others
Tax ID 02829-0022
Ownership None
Monthly Total Fees $776
Special Listing Condition Standard
Pets Allowed Building Yes, No
