It previously was on the market for a total of 316 days.
316 days on Market
Pricing History
Certain content is available only to members.
There's no obligation.
Previous Photos & Floor Plan
Key Details
-
Listed: May 8, 2017Days on Market: 316Building Type: CondominiumNeighborhood: Williamsburg (Brooklyn)Listing viewed 134 times
Monthly Common Charges:
$438
Monthly Real Estate Taxes:
$66
Total Taxes & Fees:
$504
($1.26/ft2)
Est. Monthly Mortgage:
-
Mortgage calculator
Total Est. Monthly Carrying Cost:
$2,593
($6.48/ft2)
Note: the above is based on a down payment of 20% ($75,800),
which is the minimum amount permitted by the building.
Description
Commercial retail/office condo with 23 feet of prime frontage for sale located on the border of Williamsburg and GreenPoint, in one of the most gentrified areas of Brooklyn . The space is currently rented to a Snack/Smoke Shop paying $1900/month along with $200/month credit to cover the utilities portion of the HOA fee of $438.94/month. There is a current lease in place for the next 10 years, with a 3% increase built-in annually. This guarantees a great return for many years to come.
There is also a 421A tax exemption(ends 6/2021) so the current property taxes are only $797/year, which the tenant is 100% responsible for. NOI is $19,934/year. Solid 5.3% cap rate with huge potential for even higher return down the road. Great investment for an unheard of low price. This retail condo is part of the Continental Towers which consists of 24 residential apartments, 2 commercial spaces, and 12 parking spaces. The store is minutes to McDonald's, Staples, and many boutique shops.
Walking distance to the L subway on Graham Avenue and a short commute to Manhattan.
There is also a 421A tax exemption(ends 6/2021) so the current property taxes are only $797/year, which the tenant is 100% responsible for. NOI is $19,934/year. Solid 5.3% cap rate with huge potential for even higher return down the road. Great investment for an unheard of low price. This retail condo is part of the Continental Towers which consists of 24 residential apartments, 2 commercial spaces, and 12 parking spaces. The store is minutes to McDonald's, Staples, and many boutique shops.
Walking distance to the L subway on Graham Avenue and a short commute to Manhattan.
All content above are visible to screen reader users, so you may ignore the show more button below.
Apartment Amenities
- Terrace
- Washer/Dryer in apt.
- Wood Burning Fireplace
- Balcony
- Garden
About 99 Kingsland Avenue
- Condo
- Built in 2005
- 23 Apartments
- 4 Floors
Building Amenities
- Post War
- Walk Up
- Garden
- Intercom
- Rooftop Terrace
- Laundry Room
All content above are visible to screen reader users, so you may ignore the show more button below.
{
"key" : "AIzaSyDquABdSLhathmwfnoTcYwA1BY6coZZyZk",
"lat": 40.7198076,
"lng": -73.9409331,
"marker": {
"icon": "https://img3.cityrealty.com/neo/i/w/amenities/base.png"
}
}
6sqft delivers the latest on real estate, architecture, and design, straight from New York City.
Like us on Facebook to keep up with the trends and latest news around New York City real estate. Follow us on Twitter to keep up with the trends and
latest news around New York City real estate. Follow us on Instagram. Follow us on Linkedin.
-
Buy & Sell
Search Apts for Sale Market Reports Buyer’s Guide Find an Agent Market Data Selling Your Apartment -
Rent
Search Apts for Rent No Fee Rental Buildings Furnished Apartments Add Rental Listing Rental Building Owners Renter’s Guide -
Buildings
New Development Condos No Fee Rental Buildings Luxury Condos Condo & Co-op Profiles and Ratings Top 10 Lists -
Insights
Features Market Data Market Reports & Research Neighborhoods 6sqft (Our Blog) Carter’s View Rental Building News & Offers Resources & Guides CityRealty Indices -
Company
About CityRealty How CityRealty Works Advertise with CityRealty Contact Us -
RLS IDX Data display by CityRealty.com, LLC.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.
CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.
CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.
An equal housing opportunity 
{"1":[40.775,-73.94,"East Side","_es"],"2":[40.79,-73.99,"West Side","_ws"],"11":[40.76,-73.98,"Midtown","_m"],"3":[40.736,-73.99,"Downtown","_d"],"13":[40.711309,-74.01,"Financial
District\/BPC","_fd"],"4":[40.682676,-73.973007,"Brooklyn","_b"],"12":[40.8444,-73.9376,"Upper Manhattan","_um"],"5":[40.7477089,-73.930411,"LIC \/ Queens","_qns"],"18":[40.8889782,-73.9025,"The Bronx","_bx"]}
District\/BPC","_fd"],"4":[40.682676,-73.973007,"Brooklyn","_b"],"12":[40.8444,-73.9376,"Upper Manhattan","_um"],"5":[40.7477089,-73.930411,"LIC \/ Queens","_qns"],"18":[40.8889782,-73.9025,"The Bronx","_bx"]}