242 Kingsland Ave

Greenpoint, Brooklyn | Driggs Ave & Nassau Ave

24 Rooms12 Beds6 Baths4,875 Square FeetRental Property

$2,930,000

floors / apts3 / 6

Lot Size25'x100'

Built Size25'x65'

ZoneR6B

Building TypeTownhouse

RE Taxes$10,402

Price Per SF

$601

This property was sold for $2,930,000 on 10/12/18.

Building Amenities

Voice Intercom

Property Description for 242 Kingsland Ave

242 Kingsland Avenue is a well maintained 6-unit, 3 story brick building with a full height cellar. It spans approximately 6,500 sq ft and has been consistently renovated over the years. The apartments are in great condition with modern kitchens and bathrooms. The mechanical systems are also up to date. Situated on a lovely tree lined street, the building is built 25' x 65'.

Projected Rent Roll: $180,000
Current annual taxes: $10,402
Other annual expenses: $11,000
Lot: 25100
Built: 25x65
Units: six (5 apt's are free market / 1 apt is rent stabilized)
Stories: 3 + full height cellar
There are separate electric meters and cooking gas meters for each unit.
242 Kingsland is a functioning investment property with 2 vacancies ready for immediate occupancy. Near the L train at Graham and the G train at Nassau, B48 Bus. You can be in Manhattan in 30 minutes.

Building Details for 242 Kingsland Ave

OwnershipRental Property

Building TypeTownhouse

Service LevelVoice Intercom

AgePre-War

AccessWalk-up

Year Built1931

Floors/Apts3/6

Learn More About the Building

Transit and Citi Bike

Citi Bike

Kingsland Ave & Nassau Ave

0.05 miles

Driggs Ave & N Henry St

0.15 miles

Greenpoint | Brooklyn

Quick Profile

Go north, not west. Greenpoint’s placement at the furthermost tip of Brooklyn makes it peak “North Brooklyn” territory. Bordered by the East River, its geographical location has long made Greenpoint integral to maritime activity, present day ferry service to Manhattan included. With Williamsburg to the south and Long Island City to the north, Greenpoint’s “hip factor” often experiences crossover traffic from these areas.

Particularly bustling on the weekend, the edge of McCarren Park at Bedford Avenue and Lorimer Street filters out into prime Greenpoint, where brunch has become a hallowed tradition for newer and longtime residents alike. Bars and restaurants such as Spritzenhaus and Five Leaves also provide close proximity to a post-dining jaunt in the park.

As the neighborhood continues to grow and develop, the old world feel of a tradition of Polish immigrants has commingled with the arrival of enterprising millennials that have become a part of the go-getting spirit of the neighborhood. Filled with small coffee shops, vintage boutiques and award-winning restaurants (as well as tailored bars like TØRST offering up specialty beers on tap), Greenpoint truly is the jewel of North Brooklyn.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.

OLR ID: 57922TH

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