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232 Kingsland Avenue, Brooklyn, NY 11222

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For Sale

$2,400,000

12 beds • 6 baths • 4,875 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $492.31
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Unlock the Investment Potential of 232 Kingsland Avenue Nestled in the vibrant Greenpoint neighborhood of Brooklyn, this 6-family property presents an exceptional opportunity for investors and end-users alike. With a perfect balance of immediate cash flow and future income growth, this property is a gem waiting to be claimed. Key Features: Vacancy Opportunity: Two owner-occupied units (1L & 1R) will be delivered vacant, offering the potential to generate 3,000+/month each post-renovation, with higher rents possible depending on finishes. Current Rent Roll: Unit 1L: Owner-occupied (3,000 potential rent) Unit 1R: Owner-occupied (3,000 potential rent) Unit 2L (Rent-Stabilized): 2,196.15/month (Lease in place) Unit 2R (Market-Rate): 2,250/month (Month-to-month) Unit 3L (Rent-Stabilized): 2,020.48/month (Lease in place) Unit 3R (Market-Rate): 2,250/month (Month-to-month) Separate Electrical and Gas Meters: Each unit has its own meter for simplified utility billing. Financial Highlights: Total Annual Operating Expenses: 17,575 Current NOI: 85,025 Post-Renovation NOI: 156,785 Cap Rate: 6.53 (projected) Operating Expenses Breakdown: Water: 3,000 | Insurance: 6,315 | Taxes: 6,750 Prime Location: Situated near the G train (Nassau Ave) and L train (Graham Ave), this property offers seamless access to Manhattan and other parts of Brooklyn. Surrounded by parks, trendy restaurants, and boutique shops, it's a highly desirable location for tenants seeking convenience and lifestyle. Why Invest? Perfect for 1031 exchanges or portfolio expansion, this property blends stability and growth. Rent-stabilized units ensure steady income, while market-rate units offer flexibility. Greenpoint's dynamic neighborhood enhances appreciation potential. Contact: Reach out to the listing agent for further details. Note: All information is deemed reliable but not guaranteed. Verify independently.
MLS# 2406479

Courtesy Of exp Realty

(888) 276-0630

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Exterior Type
    Vinyl Siding
  • Heating System
    Steam
  • Lot Size
    0.06 Acres

Map and Directions

Directions to 232 Kingsland Avenue, Brooklyn, NY 11222

Home seller CENTURY 21 Scope Realty

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Copyright © 2025 Staten Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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 being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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