SOLD FOR $2,614,000
Listed at $2,689,000 · Sold 2.8% below asking · Closed August 5, 2019
$2,614,000
Listed at $2,689,000 $-75,000 vs asking
118 Kingsland Avenue
MLS® #RLS10549340
Listing by The Corcoran Group
8
Bedrooms
7
Baths
N/A
Sq. Ft.
1920
Year Built
Sale Details
Property Summary
Description
Calling all those who seek cash-on-cash yield and/or 1031 Exchange Buyers.High cap rate. Approx 7%. Annual Revenue = $206,400. Full financials available upon request. 118 Kingsland Avenue and 118 1/2 Kingsland Avenue Fully leased with FM tenants. NO rent regulated occupants. Qualified Opportunity ZoneFully renovated interiors and exterior.Finished Basement. Four Units split among two structures. Shared courtyard. Convenient to L and G trains as well as several bus routes. Easy highway access. East Williamsburg.Zoning Dist. M1-1 Allowable usable Floor Area 2882 sqft
Property Details
Similar Active Listings in Greenpoint
View All
Listing courtesy of Ryan Scully at The Corcoran Group. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.