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.
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For sale
$1,160,000
197 Nichols Avenue, Brooklyn, NY 11208
5beds
2,160sqft
Triplex, Multi Family
Built in 1899
-- sqft lot
$-- Zestimate®
$537/sqft
$-- HOA
What's special
Exceptionally large private yardArchitecturally significant skylightsFully finished multi-access basementUpdated kitchensSun-drenched one-bedroom residencesExpansive outdoor spaceRefinished hardwood floors
- 2 days |
- 250 |
- 9 |
Likely to sell faster than
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