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103 Kingston Ave
Brooklyn, NY 11213

Multifamily Property For Sale · 9 Units

Investment Highlights

  • 20' x 97' corner mixed-used building with enormous unit layouts and prime retail exposure
  • As a Tax Class 2B, the building is protected from egregious tax increases, capping increases at no more than 8% a year
  • 2R is vacant, allowing for an eventual unit reconfiguration to market rents
  • Located in the North Crown Heights historic district showcasing some of the most beautiful architecture in Brooklyn
  • The residential units are RS at 40% of market rents, representing significant upside over time
  • Kingston offers some of the newest restaurants in Crown Heights, including the acclaimed MEAT, located next door

PROPERTY FACTS

No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.04 AC
Building Size 7,657 SF
No. Stories 4
Year Built 1900

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 6 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01216-0003
Land Assessment
$14,311
Improvements Assessment
$917,214
Total Assessment
$931,525

zoning

Zoning Code R6 / C1-3 (residential/commercial)
R6 / C1-3 (residential/commercial)
  • Listing ID: 25983103

  • Date on Market: 2022-06-21

  • Last Updated:

  • Address: 103 Kingston Ave, Brooklyn, NY 11213

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