Bushwick Multifamily Investment
For Sale
$1,199,000
Pending
255 Saint Nicholas Ave, Brooklyn, NY 11237
Fully occupied, cash-flowing 8-unit building in prime Bushwick location.
Property Size7,280 SF
Lot Size0.06 Acres
Days on Market164
Property Features for 255 Saint Nicholas Ave
General Information
Standard status
Pending
Size
7,280 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,890
Building Details
Building Size
7,280 SF
Year Built
1931
Units
8
Listing Agency:
Sotheby's - Daniel Gale | Locust Valley
(631) 921-2918
Listed By:
Lowell Ackerman
(631) 921-2918
Source:
Elliman
Added: Mar 12
Changed: Aug 10
Last Checked: Aug 22 at 10:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sotheby's - Daniel Gale | Locust Valley
Investment Insights
Based on property information with market context.
This well-maintained, fully occupied eight-unit multi-family building is located in Bushwick, Brooklyn. Constructed in 1931, the brick building has a classic facade and spans approximately 7,280 square feet on a 27-foot by 70-foot lot. The residences feature a 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, blending historic character and modern upgrades. The property is fully occupied with rent-stabilized tenants, providing steady rental income. Located on St. Nicholas Avenue in an R6 zone, the building is surrounded by cafes, art studios, restaurants, and nightlife. It is situated four blocks from the L and M subway lines, providing access to Manhattan in under 20 minutes. This property presents an opportunity for investors seeking long-term stability and cash flow.
Key Highlights
- Fully occupied eight‑unit multi‑family building in prime Bushwick location
- Steady rental income from rent‑stabilized tenants
- Conveniently located four blocks from the L and M subway lines
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,833
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied, cash-flowing 8-unit building in prime Bushwick location.
Where is this apartment building located?
The property is located at 255 Saint Nicholas Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Fully occupied eight‑unit multi‑family building in prime Bushwick location; Steady rental income from rent‑stabilized tenants; Conveniently located four blocks from the L and M subway lines
