87 Kingsland Ave

Great investment property. Two family home on the border of Greenpoint and Williamsburg. Currently configured as 1 bedroom and home office on the lower unit, and 2 bedroom apartment on the upper unit. Each unit has a private outdoor space. The English basement is unfinished, but could easily be finished to create an owners duplex with large backyard. Or combine the units to create a spacious single family home. Close to the L train Graham stop and all of the restaurants and bars on Graham Ave including Mesa Coyocan, The Richardson, and Concord Hill. Current rent roll is $55,200, projected rent roll is $61,200, with a projected cap rate of 5%. Tenants are on a month to month lease, and building can be delivered vacant.