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Map
$399,000
●
Condo -
Off Market
99 KINGSLAND AVE #101
Brooklyn, NY 11222
1 Bed
1 Bath,
1
Half Bath
400 Sqft
$2,406
Estimated Monthly
$439
HOA / Fees
11.29%
Cap Rate
About This Property
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 $82/year, which the tenant is 100% responsible for.NOI is
$19,934/year. Solid 5% 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. Highlights:-Great cap rate
with a strong lease in place for a high and consistent return on
your investment-Surrounded by newer condominium buildings in a
greatly gentrified neighborhood-Convenient location due to the
proximity to restaurants, parks, and supermarkets and a short walk
to the L train-Low monthly common charges and property taxes,
subsidized partially/entirely by the tenant
Unit Size
400Ft²
Days on Market
-
Land Size
-
Price per sqft
$998
Property Type
Condo
Property Taxes
$7
HOA Dues
$439
Year Built
2005
Last updated: 5 months ago ( #CORC-4568462)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Dec 19, 2017 | Sold to Apostolos Kousoulas, Kostou... | $370,000 | |
Sold to Apostolos Kousoulas, Kostou... | |||
Feb 25, 2017 | Listed by The Corcoran Group | $399,000 | |
Listed by The Corcoran Group | |||
Apr 13, 2016 | Sold to Life C Llc | $170,000 | |
Sold to Life C Llc |
Property Highlights
Garage
Parking Details
Has Garage
Interior Details
Bathroom Information
Half Bathrooms: 1
Interior Information
Laundry Features: Common Area
Room Information
Rooms: 2
Exterior Details
Property Information
Property Condition: Excellent
PropertySubType: Apartment
Living Area: 400
Living Area Units: SquareFeet
Building Information
Building Name: CONTINENTAL TOWERS
Stories (Total): 4
Patio and Porch Features: Building Terrace
New Development
Financial Details
Tax Annual Amount: $84
Flip Tax Remarks: --NO--
Utilities Details
Cooling Type: Other
Location Details
Association Fee: $439
Community Features: Bike Storage
Pets Allowed: Unit Yes, Building Yes
Other Details
Coexclusive: No
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
1
Bed
1
Bath
522 ft²
$795/ft²
$415,000
Aug 27, 2013
$415,000
Dec 10, 2013
$318/mo
Condo
Stu
1
Bath
495 ft²
$859/ft²
$425,000
Apr 18, 2018
$425,000
Oct 24, 2018
$349/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
06/13/2023
|
Loft
|
-
|
-
|
$425,000
Loft
-
|
$325,000
-23.53%
12/29/2023
|
Aaron Ivatorov
Exp Realty
|
||
08/15/2022
|
Loft
|
-
|
800 ft²
|
$599,000
Loft
-
800 ft²
|
-
-
|
-
|
Irina Herman
Diamond Real Inc
|
|
05/05/2022
|
2 Bed
|
1 Bath
|
841 ft²
|
$997,000
2 Bed
1 Bath
841 ft²
|
$850,000
-14.74%
12/05/2022
|
Alison Glestein
Sothebys International Realty
|
||
02/18/2022
|
1 Bed
|
1 Bath
|
-
|
$625,000
1 Bed
1 Bath
|
$612,500
-2.00%
05/25/2022
|
Craig Harris
Compass
|
||
10/20/2021
|
Loft
|
1 Bath
|
-
|
$649,000
Loft
1 Bath
|
-
-
|
-
|
Irina Herman
Diamond Real Inc
|
|
11/29/2021
|
1 Bed
|
1 Bath
|
426 ft²
|
$525,000
1 Bed
1 Bath
426 ft²
|
$525,000
04/13/2022
|
Binnie L Robinson
Douglas Elliman Real Estate
|
||
09/25/2020
|
1 Bed
|
1 Bath
|
720 ft²
|
$675,000
1 Bed
1 Bath
720 ft²
|
$585,000
-13.33%
04/27/2021
|
Scott Savory
Compass
|
||
04/29/2020
|
Loft
|
-
|
-
|
$899,000
Loft
-
|
-
-
|
-
|
Irina Herman
Diamond Real Inc
|
|
03/31/2020
|
|
Studio
|
-
|
-
|
$399,000
Studio
-
|
-
-
|
-
|
Jaroslaw Kaszuba
Exit All Seasons Realty
|
03/09/2020
|
Studio
|
-
|
2400 ft²
|
$399,000
Studio
-
2400 ft²
|
-
-
|
-
|
-
|
|
02/13/2020
|
1 Bed
|
1 Bath
|
690 ft²
|
$699,000
1 Bed
1 Bath
690 ft²
|
$699,000
08/29/2020
|
-
|
ALEXANDER MAHGOUB
Compass
|
|
10/18/2019
|
Studio
|
-
|
880 ft²
|
$989,000
Studio
-
880 ft²
|
-
-
|
-
|
Irina Herman
Diamond Real Inc
|
|
10/06/2019
|
1 Bed
|
1 Bath
|
565 ft²
|
$579,000
1 Bed
1 Bath
565 ft²
|
$555,000
-4.15%
02/25/2020
|
Gabriela Viragova
Spire Group Inc
|
||
04/18/2018
|
Studio
|
1 Bath
|
495 ft²
|
$499,000
Studio
1 Bath
495 ft²
|
$400,000
-19.84%
10/25/2018
|
Meris Blumstein
Corcoran Group
|
||
07/13/2017
|
|
1 Bed
|
1 Bath
|
427 ft²
|
-
1 Bed
1 Bath
427 ft²
|
-
-
|
-
|
-
|
06/16/2017
|
Studio
|
1 Bath
|
477 ft²
|
$479,000
Studio
1 Bath
477 ft²
|
-
-
|
-
|
Francisco Diaz
Bold New York
|
|
02/25/2017
|
1 Bed
|
1 Bath
|
400 ft²
|
$399,000
1 Bed
1 Bath
400 ft²
|
-
12/19/2017
|
Shirley Fong
The Corcoran Group
|
||
03/03/2015
|
Studio
|
1 Bath
|
477 ft²
|
$479,000
Studio
1 Bath
477 ft²
|
-
01/05/2016
|
Francisco Diaz
Aptsandlofts.com
|
||
02/17/2015
|
1 Bed
|
1 Bath
|
670 ft²
|
$499,000
1 Bed
1 Bath
670 ft²
|
$499,000
05/18/2015
|
- Private -
|
Sofia Dmitriyeva
Halstead dba Brown Harris Stevens Residential Sales LLC
|
|
08/27/2013
|
1 Bed
|
1 Bath
|
522 ft²
|
$429,000
1 Bed
1 Bath
522 ft²
|
$405,500
-5.48%
12/06/2013
|
Paul Rosen
Corcoran Group
|
||
07/17/2013
|
Studio
|
1 Bath
|
550 ft²
|
$399,000
Studio
1 Bath
550 ft²
|
$399,000
03/12/2014
|
DONALD OULA
R New York
|
||
06/11/2013
|
1 Bed
|
1 Bath
|
600 ft²
|
$429,000
1 Bed
1 Bath
600 ft²
|
-
09/13/2013
|
David Kazemi
Bond New York
|