143 Kingsland Avenue, Brooklyn (Greenpoint), NY, 11222 | $2,000,000

Welcome to 143 Kingsland Ave, a unique investment opportunity in the heart of Greenpoint! Currently configured as a charming two-family residence, this property offers incredible potential with approved plans poised for conversion into a lucrative six-family dwelling. Property Highlights: Current Configuration: The building features two well-appointed units, each with distinct living spaces that are perfect for dual-income living or maintaining long-term renters. Approved Plans: Take advantage of the already approved plans for transformation into a six-family residence. This is your chance to capitalize on the thriving rental market in Greenpoint, known for its vibrant community, chic amenities, and proximity to public transportation. Location: Situated in a prime Greenpoint location, 143 Kingsland Ave offers easy access to local cafes, restaurants, parks, and entertainment options. Commuters will appreciate the quick access to the L train, connecting residents to Manhattan and beyond. Investment Potential: With the growing demand for housing in this area, converting this property into a six-family dwelling presents a significant opportunity for cash flow and long-term appreciation in a rapidly developing neighborhood. Additional Features: The property boasts a spacious backyard, ideal for outdoor gatherings or green space, as well as ample street parking, offering convenience for residents and guests alike. This property is a rare find in a hot market, and whether you're looking to maintain its current use as a two-family home or pursue the approved plans for expansion, 143 Kingsland Ave is poised to be a sound investment for the savvy buyer. Don't miss out on this exceptional opportunity-schedule your private showing today!

Features

  • Town: Brooklyn
  • Rooms: 18
  • Bedrooms: 8
  • Baths: 4 full
  • Units: 2
  • Style: Other
  • Year Built: 1910
  • Heating: Other, See Remarks
  • Basement: See Remarks
  • Acreage: 0.05
  • Est. Taxes: $5,872
  • Middle School: Brooklyn Prep High School
  • High School: East Williamsburg Scholars
  • School District: Community District 14
  • MLS#: 3590615
  • Days on Market: 2 days
  • Website: https://www.raveis.com
    /prop/3590615/143kingslandavenue_brooklyn_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of 5 Boro Realty Corp   Phone: 855-305-3325

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.Alvarez@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

143 Kingsland Avenue, Brooklyn (Greenpoint), NY, 11222

$2,000,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah Alvarez

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.Alvarez@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,600,000 $1,600,000 $1,600,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.821% 6.396% 5.990%
Monthly Tax Payment $489 $489 $489
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,085 $9,851 $13,287
Total Monthly Payment $9,699 $10,465 $13,901

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.