Brooklyn Multifamily Property for
242 Kingsland Avenue Brooklyn, NY 11222
For Sale
$3,388,000
Multifamily property in Brooklyn, New York, totaling 4875 square feet.
Property Size4,875 SF
Price / SF$694.97
Days on Market1669
Property Features for 242 Kingsland Avenue
General Information
- Standard status
- Active
- Size
- 4,875 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1931
Listing Agency:
Realty Connect USA L I Inc
(631) 941-4300
Listed By:
Jin Tao · License #10401293060
(631) 941-4300
Source:
Compass
Added: Dec 29, 2021
Changed: Jul 10
Last Checked: Jul 24 at 1:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Connect USA L I Inc
Investment Insights
Based on property information with market context.
A multifamily property located in Brooklyn, New York, is available for sale. The property encompasses a total area of 4875 square feet.
Key Highlights
- Multifamily property totaling 4875 square feet in Brooklyn, New York.
- Hardwood flooring throughout.
- Marble countertops.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $276.1k | $56.64 |
| − Vacancy | −$5.5k | −$1.13 |
| EGI | $270.6k | $55.51 |
| − OpEx | −$121.8k | −$24.98 |
| NOI | $148.8k | $30.53 |
4,875 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.13M
$1.86M – $2.48M
NOI $148,829 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.04M
$3.53M – $4.71M
NOI $282,555 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Multifamily property in Brooklyn, New York, totaling 4875 square feet.
Where is this multifamily property located?
The property is located at 242 Kingsland Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,388,000.
What are key features of this property?
This property features: Multifamily property totaling 4875 square feet in Brooklyn, New York.; Hardwood flooring throughout.; Marble countertops.
