197 Nichols Ave Brooklyn, NY 11208
Cypress Hills NeighborhoodEstimated payment $6,655/month
Highlights
- Wood Flooring
- High Ceiling
- Hot Water Heating System
- Westridge Elementary School Rated A+
About This Home
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.
Listing Agent
Keller Williams Landmark II Brokerage Phone: 347-846-1200 License #10401263775 Listed on: 10/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,850
Year Built
- Built in 1899 | Remodeled in 2017
Lot Details
- 2,925 Sq Ft Lot
- Lot Dimensions are 19.5x150
Home Design
- Triplex
- Brick Exterior Construction
Interior Spaces
- High Ceiling
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Schools
- Academy For Young Writers Middle School
- Academy For Young Writers High School
Utilities
- No Cooling
- Hot Water Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
Listing and Financial Details
- Legal Lot and Block 22 / 4135
- Assessor Parcel Number 04135-0022
Community Details
Overview
- 3 Units
Building Details
- 2 Separate Electric Meters
- 3 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,187 | $50,460 | $19,560 | $30,900 |
| 2024 | $7,187 | $46,680 | $19,560 | $27,120 |
| 2023 | $6,856 | $41,280 | $19,560 | $21,720 |
| 2022 | $6,358 | $45,240 | $19,560 | $25,680 |
| 2021 | $6,682 | $48,000 | $19,560 | $28,440 |
| 2020 | $5,012 | $40,140 | $19,560 | $20,580 |
| 2019 | $6,238 | $34,680 | $19,560 | $15,120 |
| 2018 | $5,735 | $28,132 | $14,241 | $13,891 |
| 2017 | $5,410 | $26,541 | $16,671 | $9,870 |
| 2016 | $5,290 | $26,460 | $19,560 | $6,900 |
| 2015 | $3,020 | $26,339 | $18,622 | $7,717 |
| 2014 | $3,020 | $24,849 | $18,779 | $6,070 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | Pending | -- | -- | -- |
| 10/10/2025 10/10/25 | For Sale | $1,160,000 | -- | $537 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $730,000 | -- | |
| Deed | $350,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $525,000 | Purchase Money Mortgage |
Source: OneKey® MLS
MLS Number: 923274
APN: 04135-0022
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