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242 Kingsland Avenue

242 Kingsland Avenue, New York City, NY 11222

$2,930,000

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'. <br><br>Projected Rent Roll: $180,000 <br>Current annual taxes: $10,402 <br>Other annual expenses: $11,000 <br>Lot: 25100 <br>Built: 25x65 <br>Units: six (5 apt's are free market / 1 apt is rent stabilized) <br>Stories: 3 + full height cellar <br>There are separate electric meters and cooking gas meters for each unit. <br>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. <br>

The Location

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