139 Kingsland Avenue, Brooklyn, NY 11222
Local realty services provided by:CENTURY 21 Awaye Realty
139 Kingsland Avenue,Brooklyn, NY 11222
$2,995,000
- 8 Beds
- 8 Baths
- 3,467 sq. ft.
- Multi-family
- Active
Listed by: nicholas andrew hovsepian, leslie a marshall, stephanie wilberding
Office: corcoran group
MLS#:RLS20068854
Source:NY_REBNY
Price summary
- Price:$2,995,000
- Price per sq. ft.:$863.86
About this home
<strong>Fully Renovated 4-Family Investment in Williamsburg with a 6% Cap Rate!</strong><br> 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.<br> Each of the four apartments offer<br> Two beds and two full bathrooms<br> Laundry in every unit<br> Thoughtful, modern finishes and appliances throughout<br> A private, keyed storage unit for each apartment<br> Two units enjoy private backyard access, and two units are enhanced with skylights that bring in beautiful natural light.<br> 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.<br> 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.<br> With a net operating income of <strong>$181,581</strong>, the property is delivering approximately a <strong>6% cap rate</strong> in Williamsburg.<br> 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.<br>
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Home facts
- Year built:1930
- Listing ID #:RLS20068854
- Added:30 day(s) ago
- Updated:February 27, 2026 at 11:36 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Full bathrooms:8
- Rooms Total:16
- Basement:Yes
- Living area:3,467 sq. ft.
Heating and cooling
- Cooling:Central Air
Structure and exterior
- Year built:1930
- Building area:3,467 sq. ft.
- Levels:2 Story
Finances and disclosures
- Price:$2,995,000
- Price per sq. ft.:$863.86
- Tax amount:$9,312
Features and amenities
- Appliances:WasherDryerAllowed
- Laundry features:Washer Dryer Allowed
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