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197 Nichols Avenue Brooklyn, NY 11208
$1,160,000
  • For Sale
  • 5 Bedrooms
  • 3 Full Baths
  • Year Built 1899
  • Multi Family
  • ML# 923274

Property Details

Overview

Discover a distinguished investment opportunity in this meticulously curated three-family brick townhouse, a property that masterfully blends sophisticated urban living with exceptional financial performance. Fully vacant for immediate possession, this asset allows the new owner to set market-rate rents from day one. Situated on a massive and rare 20x150 lot—offering 50% more land than standard properties—it promises both a premium lifestyle and outstanding, immediate yield.The elegant layout begins with a spacious three-bedroom home featuring a charming back porch that opens to an exceptionally large, private yard, creating a seamless indoor-outdoor oasis. The second floor hosts two sun-drenched one-bedroom residences, each illuminated by architecturally significant skylights and featuring updated kitchens and refinished hardwood floors. Adding tremendous value is the fully finished, multi-access basement—a versatile space with a private entrance, perfect for additional income potential* or as an entertainer’s paradise.Combining turnkey updates, a prime transit-centric location just blocks from the J/Z lines, and the unparalleled luxury of expansive outdoor space, this is a rare, vacant investment poised for maximum returns.For a private, exclusive viewing, contact us today.

Key Facts

  • Lot Sq Ft: 2925
  • Taxes: $6,850
  • School District: Academy For Young Writers
  • Block: 4135
  • Lot: 22

Additional Features

  • Construction Materials: Brick
  • Interior Features: 
    High Ceilings
  • Parking Facilities: None
  • Wood Floors: Yes

Rooms & Floor Plans

  • Bedroom: 5
  • Full Bath: 3

Interior & Utilities

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

Financial

  • Taxes: $6,850
Listing Information provided courtesy of Keller Williams Landmark II  347-846-1200
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