245 Kingsland Ave is a Turn-key Multi Unit Brick Building Situated on a wide, beautiful tree-lined street in Greenpoint near McGolrick Park. This massive 6-unit property features the best of both worlds with rustic, old world charm in the common areas and interior units have been gut renovated in the past decade. The building spans 65 feet deep (lot is 100 ft deep) and the property is 25 feet wide. The 1st floor floor of building is actually a few steps up from the street where there are two (2) lower duplex units (three bedroom 2.5 baths) that have exclusive access to the backyard. The 2nd floor are two renovated loft-like, winged & boxed 2 bedrooms with a home office (there are 2 baths as well - one is en suite where the other is situated in the middle of the apartment)The top floor (also the 3rd FL) are two massive converted three bedroom, 2 bath LOFTS. All the units are separately metered. Rent Roll is very high. Please ask for a setup. Building also features a full basement where there is a laundry room and multiple storage spaces. Non-contingent (financing) offers are desired.
Greenpoint is the northernmost point in the borough of Brooklyn. Greenpoint borders Williamsburg and East Bushwick, East Williamsburg, and Long Island City (Queens). This riverfront neighborhood is undergoing its own cultural makeover. Greenpoint has long been known as an immigrant neighborhood (it’s even referred to as “Little Poland”) but is also an appealing real estate option for bohemian city dwellers. Greenpoint is home to the famous McCarren Park and several churches and schools known for their architectural bonafides.
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more