118 Kingsland Ave Unit 1 Brooklyn, NY 11222
East Williamsburg NeighborhoodEstimated payment $14,102/month
Total Views
6,782
12
Beds
8
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Patio
- No Heating
- 3-minute walk to Frost Playground
About This Home
Exceptional Investment Opportunity in East Williamsburg! Legal 4-unit property: 118 Kingsland Ave & 118 1/2 (2 buildings on the same lot)
Unlock a free-market investment with a projected CAP rate of 7.5% in one of the most sought-after neighborhoods.
118 Kingsland Avenue is a four-unit property, generating strong rental income while also serving as an owner-occupied residence.
Property Overview:
- Total Units: 4 (spread across two separate structures: 118 Kingsland Ave & 118 1?2 Kingsland Ave)
- Total Bedrooms: 12
- Total Bathrooms: 8
- Lot Size: Approx. 2,887 sq. ft.
- Zoning: M1-1 (allowing for residential and commercial possibilities)
- 1031 Exchange Opportunity
Unit Breakdown:
118 Kingsland Ave (Front Building)
- Unit 1: 4BR/3BA Duplex - Spacious layout with direct basement access, ideal for added functionality.
- Unit 2: 4BR/2BA - Bright and airy, featuring a private deck for outdoor enjoyment.
118 1?2 Kingsland Ave (Back Building)
- Unit 1: 3BR/2BA - Open-concept layout with a comfortable, inviting feel.
- Unit 2: 1BR/1BA - Includes a private deck, perfect for relaxation or entertaining.
The basement has washer hookups. Currently, only one apartment has access to the basement, but with two entrances, it presents a great opportunity to create an in-building laundry facility for all tenants.
Why Invest in 118 Kingsland Avenue?
- Turnkey Investment - Fully rentable or ideal for an end-user looking to occupy one unit while renting out the others, ensuring immediate income with free-market rent.
- No Rent Regulations - No rent restrictions, offering full flexibility.
- Outdoor Space - Private decks and a backyard enhance tenant appeal.
- Prime Location - East Williamsburg is rapidly growing, with increasing property values.
- Easy Transit Access - Close to the G & L subway lines and the East River Ferry for quick commutes.
- High Tenant Demand - Surrounded by trendy cafes, restaurants, and cultural hotspots.
This well-maintained, income-producing property offers stability and long-term growth potential in one of Brooklyn's most dynamic neighborhoods. Whether you're looking to expand your portfolio or secure a high-performing asset, 118 Kingsland Avenue is a rare opportunity worth considering.
.
Common Outdoor Space,No pets,Private outdoor space,Ac,Pre-War,Outdoor Space,In-unit Laundry
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,032
Year Built
- Built in 1900
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Additional Features
- Dishwasher
- Patio
- No Heating
- Basement
Community Details
- Greenpoint Subdivision
Listing and Financial Details
- Property Available on 9/3/25
- Tax Block 02840
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $2,500,000 | -6.5% | -- |
| 05/20/2025 05/20/25 | Price Changed | $2,675,000 | -0.9% | -- |
| 05/15/2025 05/15/25 | Price Changed | $2,700,000 | -1.8% | -- |
| 04/23/2025 04/23/25 | Price Changed | $2,750,000 | -1.8% | -- |
| 04/11/2025 04/11/25 | Price Changed | $2,800,000 | -1.8% | -- |
| 04/07/2025 04/07/25 | Price Changed | $2,850,000 | -1.7% | -- |
| 04/02/2025 04/02/25 | Price Changed | $2,900,000 | -1.7% | -- |
| 03/29/2025 03/29/25 | Price Changed | $2,950,000 | -1.5% | -- |
| 03/22/2025 03/22/25 | Price Changed | $2,995,000 | -3.4% | -- |
| 03/04/2025 03/04/25 | Price Changed | $3,100,000 | -1.6% | -- |
| 03/03/2025 03/03/25 | For Sale | $3,150,000 | -- | -- |
Source: Real Estate Board of New York (REBNY)
Similar Homes in the area
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20006490
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
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