Updated 4 days ago
In contract

139 Kingsland Ave

East Williamsburg, Brooklyn | Beadel Street & Lombardy Street

16 Rooms8 Beds8 Baths3,467 Square FeetMulti-Family

$2,995,000
floors / apts2 / 4
Lot Size24'x82'
Built Size24'x49'
ZoneR6B
Building TypeHouse
RE Taxes$9,312
Price Per SF
$864

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom

Property Description for 139 Kingsland Ave

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.

Listing History for 139 Kingsland Ave

Now
04/27/2026
Contract Signed by Nick Hovsepian
Corcoran
01/27/2026
$2,995,000
Initial Price by Nick Hovsepian
Corcoran

Building Details for 139 Kingsland Ave

OwnershipMulti-Family
Building TypeHouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1930
Floors/Apts2/4
Learn More About the Building

Transit and Citi Bike

Subway

Graham Av
0.49 miles

Citi Bike

Monitor St & Meeker Ave
0.03 miles
Morgan Ave & Lombardy St
0.14 miles

Contact Agents

Contact Agents

Licensed As
Stephanie Wilberding
Salesperson
License#:
10401378416
Company:
Corcoran
Licensed As
Leslie A Marshall
Associate Broker
License#:
30MA1045304
Company:
Corcoran
View this property on the company's website

East Williamsburg | Brooklyn

Quick Profile

East Williamsburg is a mixed industrial neighborhood in Brooklyn, with many working factories that make everything from beer and wontons to clothing and concrete. You are likely to hear screeching, pounding and the deep thump of industrial machinery throughout the day. East Williamsburg has become a haven for artists and musicians of every description, who are attracted to the large open loft spaces of the converted industrial buildings. The area has attracted a younger crowd of 20- and 30-somethings that are drawn by affordable rents and a generally lower cost of living.

There is a rich history of immigrants from Puerto Rico and Italy, and oddly enough, they chose to settle on opposite ends of Graham Avenue, with the Italians on the north and the Puerto Ricans on the south.

Housing in the area consists of mid-rise apartment buildings, row houses, and public housing complexes. There are also smaller multi-family apartment buildings available. Lofts are becoming more prevalent as the older, abandoned factory buildings come up for sale and are converted into residential properties. 

East Williamsburgfairly pulses with a creative vibe. There are unique shopping venues, numerous tiny coffee shops, interesting restaurants, and cafes, along with food trucks that frequent the area. The grocery stores are affordable and carry a wide variety of goods that appeal to the eclectic tastes of the neighborhood residents.

There is a vibrant bar scene, where you will find mostly local residents imbibing, so it is easy to make friends among your neighbors if you stop in frequently at your favorite watering hole. There are many interesting shops, bars and restaurants tucked in amongst the warehouses and factories. Many do not invest in elaborate signage, so it can be difficult to find some of the best spots. Keep an eye out for hand-painted signs on the sides of buildings with arrows pointing to nondescript, nearly invisible entrances.

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: 104536TH