143 Kingsland Avenue
Rare 6.4% Cap on New Construction | Fully Free Market 6-Unit in Williamsburg
Marketing description
143 Kingsland Avenue is ground up six family opportunity in the heart of East Williamsburg, offering investors a fully turnkey multifamily asset in one of Brooklyn’s fastest evolving rental markets.
This modern building features a well balanced mix of one, two, and three bedroom residences, designed with clean contemporary finishes, efficient layouts, and strong long term appeal. 143 Kingsland delivers the rare advantage of minimal near term capital expenditure, making it an ideal acquisition for an investor seeking stable performance and durable value growth.
Positioned in East Williamsburg, the property benefits from steady renter demand fueled by continued neighborhood momentum. The area has become a true lifestyle destination, surrounded by top dining, cafes, creative and wellness concepts, and everyday conveniences, while remaining exceptionally well connected to Manhattan and the rest of Brooklyn.
As East Williamsburg continues to mature as a new development hub, rental activity has followed, supporting strong market fundamentals for investors targeting Brooklyn multifamily. Convenient access to public transit, including the L train at Graham Avenue, and G Train at Nassau Ave.
Delivered vacant and with new C of O. Set up available upon request.
Note: taxes reflected above are estimated
Investment highlights
• 6.4% projected cap rate on new construction. At this basis, the property trades above recent newer-vintage Williamsburg comps, an outlier yield for ground-up product in a submarket where cap rates have been compressing as rents continue to climb.
• New construction, turnkey asset with minimal near-term capex and a clean operating runway from day one.
• All six units are free market. No rent stabilization, no 421-a, no regulatory constraints on future rent setting.
• Clean fit for a 1031 exchange. Straightforward structure, new systems, vacant delivery, and stabilized in-place projections make this a practical vehicle for buyers on a tight identification or closing window.
• Balanced unit mix of 1BR, 2BR, and 3BR layouts that insulates cash flow from single-demographic demand shifts. Rear yard, private balconies, and a private roof deck add premium.
• New 20,000 SF Aldi grocery store under construction on a neighboring property, a meaningful neighborhood amenity that directly strengthens walkability, foot traffic, and tenant demand on the block.
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