291 Kingsland Avenue, Greenpoint
$1,750,000 - 5 Beds, 3 Baths, 2,376 Sf
MLS® # 3531201
Status: Pending![Hudson Gateway MLS Logo]()
530 Graham, Brooklyn
$1,799,000
6 Beds
6 Baths
3,750 Sqft
0 Acres
0 Garages
Price Improvement! 6.8% cap rate in an incredible location, where Greenpoint meets Williamsburg. Just steps from McCarren and McGolrick Parks. This six unit property presents an excellent opportunity for either an investor or an owner who can occupy the entire ground floor with a private garden and collect rents from the other 4 units above. Currently, the building consists of 6 spacious one bedroom rent stabilized apartments, 2 of which will be delivered vacant including both ground level apartments. A great value-add opportunity, the purchaser may combine the two ground floor units to create a large 3 bedroom, 2 bathroom apartment with private access to a very large and tranquil backyard. The huge cellar can be kept for private use or shared with tenants for storage. Historic details such as tin ceilings, wall moldings, and fireplace mantles add charm, and all 6 floor-through units get plenty of light. The building has been well maintained by the current owner including a new roof that was recently replaced. This property is close to many highly acclaimed restaurants and neighborhood coffee shops and is an easy walk to the Nassau Ave G train and the Graham Ave L train. This is an excellent opportunity to own a well maintained building in a prime Greenpoint location. The property is tax class protected and tenants pay for electric, which helps keep costs low. Full set up with rent roll and expenses provided upon request. 3,750 square feet Building Dimensions: 25 ft x 50 ft Lot Dimensions: 25 ft x 100 ft Zoning: R6B Annual Taxes: $8,982 Current FAR: 1.5 Max FAR: 2.0 There is an additional 1,250 square feet of buildable area for an extension.
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Essential Information
MLS® #H6283446
Price$1,799,000
Bedrooms6
Bathrooms6.00
Full Baths6
Square Footage3,750
Acres0.00
Year Built1925
TypeResidential Income
Sub-TypeMulti Family
StatusPending
Community Information
Address530 Graham
CityBrooklyn
CountyBrooklyn
StateNY
Zip Code11222
Amenities
ParkingOther
Interior
HeatingOther, See Remarks
CoolingNone
Has BasementYes
BasementSee Remarks
Exterior
Exterior FeaturesWalk Up
School Information
DistrictCity of New York
ElementaryCall Listing Agent
MiddleCall Listing Agent
HighCall Listing Agent
Additional Information
Date ListedJanuary 5th, 2024
Days on Market118
Listing Details
Listing Courtesy ofElegran LLC
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Listing information last updated on May 2nd, 2024 at 4:05pm CDT.
