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    197 Nichols Ave Brooklyn, NY 11208

    Pending
    For Sale
    $1,160,000

    MULTI_FAMILY - Brooklyn, NY

    Lot size:
    0.07 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 7 at 8:06 pm

    Property Features for 197 Nichols Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 3, Bathroom 3, Bedroom 1, Basement, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 2
    Bedrooms
    5
    Bathrooms
    3
    APN
    04135-0022
    Interior features
    High Ceilings
    Basement
    Full, Finished
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1899
    Number of units
    3
    Flooring type
    Hardwood
    Building materials
    Brick

    Keller Williams Landmark II (347) 846-1200 [email protected]

    Listing agent Kammy Xiao Nguyen CBR

    Listing date Nov 20, 2025

    MLS# 923274 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Brooklyn Three-Family Brick Townhouse

    This meticulously curated three-family brick townhouse presents a distinguished investment opportunity, blending sophisticated urban living with exceptional financial performance. The property is fully vacant for immediate possession, allowing the new owner to set market-rate rents immediately. Situated on a rare 20x150 lot, offering 50% more land than standard properties, it promises both a premium lifestyle and outstanding yield. The layout includes a spacious three-bedroom home featuring a charming back porch that opens to an exceptionally large, private yard, creating a seamless indoor-outdoor space. The second floor hosts two sun-drenched one-bedroom residences, each illuminated by architecturally significant skylights and featuring updated kitchens and refinished hardwood floors. The fully finished, multi-access basement offers a private entrance, suitable for additional income potential. Located in Brooklyn, just blocks from the J/Z lines, this vacant investment is poised for maximum returns.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.868599
    Latitude
    40.685996

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    FAQs

    What type of property is this?
    Triplex - Meticulously curated, vacant three-family townhouse on a rare, large lot.
    Where is this triplex located?
    The property is located at 197 Nichols Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,160,000.
    What are key features of this property?
    This property features: - Fully vacant three-family brick townhouse for immediate possession and market-rate rent setting.; - Massive and rare 20x150 lot, offering 50% more land than standard properties.; - Spacious three-bedroom home with a charming back porch and exceptionally large, private yard.
    (917) 420-4420
    Request Owner's contact information
    197 Nichols Ave Brooklyn, NY 11208
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    Brooklyn, NY 11208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    197 Nichols Ave Brooklyn, NY 11208
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