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    109 Saint Nicholas Ave Brooklyn, NY 11237

    For Sale
    $859,000

    Six-unit apartment building in a developing Brooklyn neighborhood.

    Lot size:
    0.05 Acres

    Property Features for 109 Saint Nicholas Ave

    General Information

    Lot size
    0.05 Acres

    Building Details

    Year built
    1931

    Source: RE/MAX Team Agent Vincent O Connell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Brooklyn Multifamily Investment Opportunity

    This is a six-family apartment building located in a developing Brooklyn neighborhood. The property features six apartments, each containing four rooms, and all are described to be in good condition. One of the units is a duplex apartment. The apartments are rent stabilized, generating an annual rent roll of $80,520. Annual expenses include $12,236 in taxes, $6,000 for insurance, $5,000 for heating, and $1,000 for electricity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -73.918314
    Latitude
    40.705816

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    FAQs

    What type of property is this?
    Apartment building - Six-unit apartment building in a developing Brooklyn neighborhood.
    Where is this apartment building located?
    The property is located at 109 Saint Nicholas Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $859,000.
    What are key features of this property?
    This property features: - Annual rent roll of $80,520.; - Six apartments, including one duplex.; - All apartments are rent stabilized.
    (347) 581-6161
    Request Owner's contact information
    109 Saint Nicholas Ave Brooklyn, NY 11237
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    Brooklyn, NY 11237
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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
    109 Saint Nicholas Ave Brooklyn, NY 11237
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