17
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$1,199,000
Est. payment /mo
2,400 Sqft Lot
Price Dropped by $151K
255 Saint Nicholas AVE Brooklyn, NY 11237
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 934120
Rental Info No
Year Built 1931
Annual Tax Amount $17,890
Lot Size 2,400 Sqft
Acres 0.0551
Property Sub-Type Multi Family
Source onekey2
Property Description
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
Location
State NY
County Kings (brooklyn)
Rooms
Basement Unfinished
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features On Street
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
Building
Story 4
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Daniel Gale Sothebys Intl Rlty • Lowell Ackerman
NEARBY SCHOOL & BUSINESS
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