227 Kingsland Avenue
Multifamily | 18 Units | $355,278/unit
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 227 Kingsland Avenue in Brooklyn, New York (the "Property"). The four-story brick building contains eighteen residential units comprised of seven (7), 2-Bedroom/1-Bathroom units and eleven (11), 1-Bedroom/1-Bathroom units with 11,900 square feet of gross area on a 3,500 square foot parcel of land. The Property features six (6) free market units (five 2-bedroom units and one 1-bedroom unit), eleven (11) rent stabilized units (nine 1-Bedroom units and two 2-Bedroom units) and one (1) rent controlled unit (a 2-Bedroom unit). The Property is the largest building on the block, has been exceptionally well maintained, and benefits from windows on all four sides, providing abundant natural light throughout the building and enhancing the appeal of the residential units.
The Property enjoys an exceptional location at 227 Kingsland Avenue in the heart of Greenpoint, one of Brooklyn's most desirable and rapidly appreciating residential neighborhoods. Situated just minutes from the neighborhood's thriving commercial corridors along Manhattan Avenue and Greenpoint Avenue, the Property benefits from convenient access to an extensive array of restaurants, cafés, boutiques, grocery stores, and neighborhood services that support a highly walkable urban lifestyle. The area is well connected to the broader New York metropolitan region via the Brooklyn-Queens Expressway (Interstate 278), the Long Island Expressway (Interstate 495), the Williamsburg Bridge, the Queens-Midtown Tunnel, and numerous East River crossings, providing efficient access to employment centers throughout Brooklyn, Manhattan, Queens, and Long Island. Public transportation options, including the G subway line, nearby L train connections, and NYC Ferry service, further enhance connectivity for residents.
The Property's location is particularly attractive due to Greenpoint's unique combination of historic neighborhood character, modern amenities, and waterfront accessibility. Residents enjoy proximity to McCarren Park, WNYC Transmitter Park, the Greenpoint waterfront, and an expanding network of open spaces and recreational amenities. Continued residential and mixed-use development throughout North Brooklyn has elevated the area's profile while maintaining a constrained housing supply, supporting strong rental demand and long-term value appreciation. These factors, combined with the neighborhood's affluent demographics, vibrant cultural scene, and exceptional regional accessibility, make 227 Kingsland Avenue a highly desirable residential asset within one of New York City's premier multifamily investment markets.
Investment highlights
ACCESS & CONNECTIVITY
The Property is conveniently located near the Greenpoint Avenue and Nassau Avenue subway stations, providing access to the G Train, which connects residents to Brooklyn and Queens employment centers, including Williamsburg, Long Island City, and Court Square. Nearby connections to the L, E, M, and 7 trains further expand access to Midtown Manhattan, Downtown Brooklyn, and other destinations throughout New York City.
The Property benefits from access to several local bus routes, including the B24, B43, B48, and B62, which provide convenient connections throughout Greenpoint, Williamsburg, Downtown Brooklyn, Long Island City, and surrounding neighborhoods. These routes complement the area's subway network and enhance overall transit accessibility for residents.
The Property offers excellent vehicular connectivity via the Brooklyn-Queens Expressway (Interstate 278), located just seconds away, providing direct access to Brooklyn, Queens, and Manhattan. Residents also benefit from proximity to McGuinness Boulevard (NY Route 93), Meeker Avenue, the Long Island Expressway (Interstate 495), the Williamsburg Bridge, the Queens-Midtown Tunnel, and the Pulaski Bridge, allowing efficient travel throughout the New York metropolitan area and access to major employment, retail, and entertainment destinations.
AREA AMENITIES & DEMAND DRIVERS
227 Kingsland Avenue is surrounded by a vibrant mix of restaurants, cafés, breweries, boutique retailers, and neighborhood services. Residents enjoy convenient access to popular commercial corridors including Manhattan Avenue, Greenpoint Avenue, Franklin Street, and nearby Williamsburg, which collectively offer some of New York City’s most dynamic dining, shopping, and entertainment destinations.
The Property benefits from proximity to several of New York City’s largest employment centers, including Midtown Manhattan, Long Island City, Downtown Brooklyn, and the Brooklyn Navy Yard. These hubs support hundreds of thousands of jobs across the technology, finance, healthcare, media, education, life sciences, and professional services sectors, creating a deep and diverse employment base that drives sustained residential demand throughout North Brooklyn.
Just minutes from the Property, the Brooklyn Navy Yard has emerged as one of the city’s leading innovation and manufacturing campuses, housing hundreds of businesses and employing more than 13,000 workers. Nearby Long Island City has also experienced significant corporate investment and office growth, attracting major employers in technology, media, engineering, and creative industries.
The Property is located near several prominent educational and healthcare institutions, including Pratt Institute, New York University, City University of New York campuses, NYU Langone Hospital–Brooklyn, New York-Presbyterian Brooklyn Methodist Hospital, and numerous public and private schools. These institutions generate significant employment activity while contributing to the area’s long-term residential stability.
The surrounding area has benefited from substantial public and private investment over the past two decades, resulting in new luxury residential developments, mixed-use projects, waterfront revitalization efforts, and infrastructure improvements. Continued investment throughout Greenpoint and neighboring Williamsburg has strengthened the neighborhood’s appeal among young professionals, families, and high-income renters seeking convenient access to Manhattan without sacrificing neighborhood character.
Residents enjoy access to one of Brooklyn’s most celebrated dining scenes, with an extensive collection of locally acclaimed restaurants, cafés, bakeries, and cocktail bars throughout Greenpoint and neighboring Williamsburg. Popular destinations include numerous waterfront restaurants, artisanal coffee shops, craft breweries, and nationally recognized eateries that have helped establish North Brooklyn as one of New York City’s premier culinary destinations.
Daily shopping needs are well served by nearby grocery and convenience retailers, including Whole Foods Market, Trader Joe’s, Wegmans, Key Food, Associated Supermarkets, and numerous specialty food markets. Residents also benefit from convenient access to CVS Pharmacy, Walgreens, and other essential neighborhood services located throughout Greenpoint and Williamsburg.
The Property is located just around the corner from Monsignor McGolrick Park, one of Greenpoint's most beloved neighborhood parks, offering mature tree-lined walking paths, athletic facilities, playgrounds, dog-friendly areas, and year-round community programming. Residents also enjoy convenient access to McCarren Park, WNYC Transmitter Park, Bushwick Inlet Park, and the East River waterfront, providing an exceptional collection of recreational and open-space amenities throughout North Brooklyn.
The neighborhood offers a vibrant arts, culture, and entertainment scene, with nearby attractions including Brooklyn Bowl, Music Hall of Williamsburg, National Sawdust, indie galleries, live music venues, and numerous community events that contribute to Greenpoint's unique character and appeal.
STRONG RENTAL DEMOGRAPHICS & DEMAND
More than 69,700 people live within 1 mile of the Property with an average household
income of $201,066. Over 1,290,500 people reside within 3 miles of the Property with
an average household income of $178,766.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
