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255 Saint Nicholas Avenue Brooklyn, NY 11237
$1,350,000
  • Commercial
  • NEW
  • Year Built 1931
  • Multi Family
  • ML# 934120

Property Details

Overview

Fully occupied and cash-flowing, this exceptionally well-maintained eight-unit multi-family building is ideally situated in the heart of Bushwick, Brooklyn. Built in 1931, this classic brick building offers timeless curb appeal and solid construction, spanning approximately 7, 280 square feet on a 27-foot by 70-foot lot. Each residence features a spacious railroad-style layout of over 900 square feet, with a mix of 1-, 2-, and 3-bedroom, 1-bath apartments. Two units have been recently renovated, offering a seamless blend of historic character and modern upgrades. The property is fully occupied with steady rental income from rent-stabilized tenants, making it an excellent opportunity for investors seeking long-term stability, strong cash flow, and future upside potential. Conveniently located just four blocks from the L and M subway lines, residents enjoy easy access to Manhattan in under 20 minutes. Zoned R6, the building sits on St. Nicholas Avenue, surrounded by Bushwick’s vibrant mix of cafes, art studios, restaurants, and nightlife, ensuring consistent tenant demand and rental growth

Key Facts

  • Lot Size: 0.0551
  • Lot Sq Ft: 2400
  • Taxes: $17,890
  • Sale or Rent: Sale

Additional Features

  • Construction Materials: Brick
  • Parking Spaces: Yes
  • Parking Facilities: On Street
  • Stories: 4

Interior & Utilities

  • Heat: Natural Gas
  • A/C: None
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $17,890
Listing Information provided courtesy of Daniel Gale Sothebys Intl Rlty  631-921-2918
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS