new - 4 days on rocket

232 Kingsland Ave, Brooklyn, NY, 11222

$2,400,000

Home List Price

$10,000*

Closing Credit

6 Full Baths
4,875 SqFt
$492/SqFt
Multi

Location

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232 Kingsland Ave, Brooklyn$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone, Street
Year Built1931
HeatingHeat Pump, Natural Gas
BasementYes
FireplaceStove
MLS #487601
StatusActive

About 232 Kingsland Ave

Discover the incredible investment potential, a 6-family property located in the vibrant and highly sought-after Greenpoint neighborhood of Brooklyn. This property offers an exceptional opportunity for investors and end-users alike, with two units (1L and 1R) delivered vacant at closing and the remaining units tenant-occupied, providing immediate cash flow. With two rent-stabilized units and significant upside for market-rate rentals, this property has the potential to achieve rents exceeding $3,000 per month after renovations. Perfect for a 1031 exchange investor or those looking to build their portfolio, this property combines immediate income with long-term appreciation. Ideally situated near the G train (Nassau Avenue) and L train (Graham Avenue), the property offers seamless access to Manhattan and other parts of Brooklyn, making it a prime location for renters. Surrounded by parks, trendy restaurants, and boutique shops, this property appeals to a wide variety of tenants seeking both convenience and lifestyle. With its balanced mix of stability and future income growth, this is perfect for investors looking to add value in one of Brooklyn’s most dynamic neighborhoods. Don’t miss your chance to own this versatile property with tremendous upside potential.

Property Details

Property Features

Property Information:

  • Year Built: 1931
  • Stories: 3
  • Living Area: 4,875 SqFt

Listing Office:

  • Office Name: eXp Realty BKNY

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Window Treatment(s)
  • Fireplace: Stove

Bedroom and Bathroom Information:

  • Full Bathrooms: 6

Exterior Features

Exterior Information:

  • Exterior: Deck

Parking Information:

  • Attached Garage: No
  • Parking: None, Street

Utilities

Utilities Information:

  • Heating: Heat Pump, Natural Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,400,000
  • Price Per SqFt: $492/SqFt

Tax Information:

  • Annual Amount: $9,576
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Brooklyn, NY.

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Brooklyn, NY

City

Med. Sold Price

$984.4K

Med. Price/SqFt

$696

Avg. Days On Market

97

# of Sold Homes

436

232 Kingsland Ave vs Brooklyn

4 DAYS ON ROCKET

-93 Days

$2,400,000

+$1.4M More

$492/SqFt

-$205 Less

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $205/SqFt less than other homes in Brooklyn, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #487601

Listing Office:

  • Office Name: eXp Realty BKNY

IDX Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

The accuracy of all information, regardless of source, including but not limited to open house information, square footage and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Brooklyn Multiple Listing Service and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.

Copyright © 2024 Brooklyn Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/26/2024, 7:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$9,576$651,600
2019$9,576$651,600
2018$8,113$65,867
2017$7,621$63,789

History based on county public records data.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1646193
6
/10

  • P.S. 110 The Monitor School

  • 124 Monitor St

  • 0.08 miles

  • Public District Grades KG-6

school-card-donut-1646194
8
/10

  • P.S. 34 Oliver H. Perry School

  • 131 Norman Ave

  • 0.45 miles

  • Public District Grades PK-5

school-card-donut-1646195
9
/10

  • P.S. 31 Samuel F. Dupont School

  • 75 Meserole Ave

  • 0.68 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,528. Residents of Brooklyn, NY typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Kings County›Brooklyn›11222›232 Kingsland Ave

This home is located at 232 Kingsland Ave in Brooklyn, NY and zip code 11222 in the Greenpoint neighborhood. This 4,875 square foot home was built in 1931. Features: 6 bathrooms. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $2,400,000.

In October 2024 more than 50 listings in Brooklyn, NY were sold above the asking price. During the same period more than 217 listings were sold at asking price, while more than 169 were sold below. Between September 2024 and October 2024, Brooklyn, NY real estate market has seen increase in the number of listings by 0.1%. In October 2024, listings were on the market for 97 days. During the same period, the median list price in this real estate market was $984,431.

From Rocket Homes Real Estate and based on county public records data.

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