Multi Family, 139 KINGSLAND Avenue #, East Williamsburg - Real Estate New York

Description

Fully Renovated 4-Family Investment in Williamsburg with a 6% Cap Rate!
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 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.
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