118 Kingsland Avenue Unit 1, Brooklyn, NY 11222

$2,500,000

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… Read More 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 Read Less

Listing Courtesy of: Alexandra Skiba, Highline Residential LLC

Listing Snapshot

Days Online

157

Last Updated

Aug 8, 2025

Property Type

SingleFamilyResidence

Beds

Full Baths

Year Built

1900

MLS Number

RLS20006490

30 Days Snapshot Of 11222

$2.18M

+20%

(avg) sold price

+53%

homes sold

132

+59%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

Entry Level: 1, Living Area Units: SquareFeet, Rooms Total: 14, Structure Type: House

Exterior Features

Patio And Porch Features: Patio

Property

Property Sub Type: SingleFamilyResidence

Taxes

Tax Annual Amount: $7,032, Tax Block: 02840, Tax Lot: 0000

Find The Perfect Home

'VIP' Listing Search

Whenever a listing hits the market that matches your criteria you will be immediately notified.

Join The List

Mortgage Calculator

Selling price

Down payment

Term (years)

Interest rate (%)

Monthly Payment

Manhattan

Brooklyn

118 Kingsland Avenue Unit 1

'VIP' Listing Search

Schools In The Area

Similar Listings

Find My Dream Home

1. Neighborhoods

2. Home Type

3. Send

Become an Insider