143 Kingsland Ave · New York, NY 11222

$4,999,999

54 bd · 42.0 ba · 1,976 sqft · MultiFamily public records · 139 Days on market

Built 2026 1,995 sqft lot

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Cash flow +4.5/30.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +0.5/10.0
• DSCR +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 6 units. estimate disagrees with records

Listing remarks

143 Kingsland Avenue is ground up six family opportunity in the heart of East Williamsburg, offering investors a fully turnkey multifamily asset in one of Brooklyn's fastest evolving rental markets. This modern building features a well balanced mix of one, two, and three bedroom residences, designed with clean contemporary finishes, efficient layouts, and strong long term appeal. 143 Kingsland delivers the rare advantage of minimal near term capital expenditure, making it an ideal acquisition for an investor seeking stable performance and durable value growth. Positioned in East Williamsburg, the property benefits from steady renter demand fueled by continued neighborhood momentum. The ar

Key facts

• 1,995 sq ft lot
• Built 2026
• Listed 139 days

Property features AI

Finance

• Financial info: Annual taxes listed at $19,992
• HOA & community: Pets allowed in building

Exterior

• Home design: Single-story building; Entry level: 1; New construction; Green building
• Construction: Lot area about 1,995 (units not specified)
• Exterior features: Private outdoor space larger than 60 sqft; Lot dimensions approximately 105.00 x 19.00

Interior

• Bedrooms: Total of 15 rooms (includes all living spaces)
• Bathrooms: 7 full bathrooms
• Interior features: Smoke-free property; Basement present (other type)
• Laundry & utility: Washer hookup in unit; In-unit laundry

What this means for you Summary

Snapshot

• This is a 6 × 9-bed/7.0-bath units multifamily listed at $5.00M.

Deal economics

• At list price, monthly cash flow is $-13k ($-155k/yr) — negative. Per door: $-2k/mo.
• To cash-flow at today's rent, offer at most $3.13M (37.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $2.73M (45.3% below list).
• Recommended offer: $2.73M (45.3% below list) — sets the bar for 1% rule.
• Cap rate 3.2% vs local median 2.6% in New York — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Market conditions: Rents rising (+1.0%/yr); 104 active listings in the ZIP; high-income renter base; 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $27,338/mo this rent would consume 261% of the median local household income ($126k/yr) (locally 3139% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $535k of equity ($35k loan paydown + $500k appreciation (10.0% local appreciation)).
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 2, paydown + projected appreciation supports a ~$859k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 139 days — a 12% lower offer ($4.40M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $900k; list at $5.00M implies a 456% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $2,733,800 (45.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 45% concession, seller financing, or rate buy-down credit?
3. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
4. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
10. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
11. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.55% ✗
• Cap rate: 3.18%
• Cash-on-cash: -11.11%
• DSCR: 0.51
• GRM: 15.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 1.02% rent growth · sell at horizon

5-year hold

• IRR: 16.1%
• Equity multiple: 2.32×
• Total profit: $1,844,904
• Equity at exit: $4,504,395

10-year hold

• IRR: 15.2%
• Equity multiple: 5.27×
• Total profit: $5,982,866
• Equity at exit: $9,713,898

Cash invested: $1,400,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 11222

• Home prices YoY: 2.9%
• Rents YoY: 1.0%
• Active inventory: 104
• Price-to-rent: 91.4×

Monthly cashflow live

• Estimated rent: $27,338 medium
• Mortgage (P&I): −$26,221
• Tax est. 1.5%: −$6,250 /mo · $75,000/yr
• Insurance: −$2,083
• HOA: −$0
• Vacancy / Maint / Mgmt: −$5,741
• Net cashflow: $-12,957

Break-even live

Break-even rent $43,739

Max offer price $3,125,123

Occupancy floor —

6-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 6× units	9	7	$27,336
Total (6 units)			$27,338

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $1,250,000
• Closing costs: $150,000
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $4,999,999 Active 139 DOM
2. 2026-06-17
   days on market $4,999,999 Active 138 DOM
3. 2026-06-15
   days on market $4,999,999 Active 136 DOM
4. 2026-06-13
   days on market $4,999,999 Active 134 DOM
5. 2026-06-10
   days on market $4,999,999 Active 130 DOM
6. 2026-06-08
   days on market $4,999,999 Active 129 DOM
7. 2026-06-04
   days on market $4,999,999 Active 125 DOM
8. 2026-06-03
   days on market $4,999,999 Active 124 DOM
9. 2026-06-01
   days on market $4,999,999 Active 122 DOM
10. 2026-05-31
    days on market $4,999,999 Active 121 DOM
11. 2026-05-15
    historical
12. 2026-01-30
    listed $4,999,999 Active
13. 2026-01-30
    listed $4,999,999 Active
14. 2025-02-04
    historical
15. 2025-01-15
    price $1,885,000
16. 2024-11-12
    listed $2,000,000 Active
17. 2023-08-14
    soldstatus $900,000
18. 1998-08-12
    soldstatus $87,500
19. 1981-08-01
    soldstatus $20,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $328,056
• − Mortgage interest: −$280,078
• − Property taxes: −$75,000
• − Insurance: −$25,000
• − Repairs & maintenance: −$26,244
• − Management: −$26,244
• − Depreciation: −$145,455
• Taxable loss: −$249,965
• Est. tax savings @ 24.0%: +$59,992
• After-tax cash flow: $-95,491/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 42,853
• Household income: $125,734
• Rent vs Own: 81.9% rent · 18.1% own
• Severe rent burden: 3139.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 15% Two or more races 13% Asian 6% Black 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Dominican 2%
• Common ancestry: Romanian 15% Slovak 3% Lithuanian 3%
• Foreign-born: 26% · Canada, China, South Korea
• Languages at home: 68% English-only · Russian/Polish/Slavic 12% Spanish 10% Other Indo-European 3%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 22.48%
• Current HPI: 787.4068
• Rent YoY: ▲ 1.02%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+24900.0% since first listed

9 events — show timeline

• 2026-05-15 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2026-01-30 Listed $4,999,999 OneKey® MLS as Distributed by MLS Grid
• 2026-01-30 Listed $4,999,999 RLS at REBNY
• 2025-02-04 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2025-01-15 Price Changed $1,885,000 OneKey® MLS as Distributed by MLS Grid
• 2024-11-12 Listed $2,000,000 OneKey® MLS as Distributed by MLS Grid
• 2023-08-14 Sold (Public Records) $900,000 Public Records
• 1998-08-12 Sold (Public Records) $87,500 Public Records
• 1981-08-01 Sold (Public Records) $20,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $6,067 · +3.3% YoY. Source: county tax records.