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8-Unit Apartment Building
For Sale
$1,250,000

253 Saint Nicholas Avenue, Brooklyn, NY 11237

A recently installed boiler serves the property’s natural gas heating system.

Property Size7,468 SF
Price / SF$167.38
Days on Market287

Property Features for 253 Saint Nicholas Avenue

General Information

Standard status Active
Size 7,468 SF
Property subtype Commercial

Additional Details

Gross Income $112,920
Multifamily Units 8
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $17,806

Building Details

Building Size 7,468 SF
Year Built 1931
Units 8
Listing Agency: Keller Williams Rlty Landmark
Listed By: Lian Rong Sun CBR SFR
Source: Croninreale
Added: Jan 12 Changed: Oct 25 Last Checked: Oct 26 at 4:07AM

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 Keller Williams Rlty Landmark

Rey
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Investment Insights

Based on property information with market context.

This 8-unit apartment building in Brooklyn contains 7,468 square feet and dates to 1931. The property uses natural gas heat, with a recently installed boiler. Front and rear two-bedroom layouts may be converted to three-bedroom layouts at the owner’s discretion.

One unit is expected to be vacant at closing. The property is located in the Bushwick area of Brooklyn.

Key Highlights

  • Eight‑unit apartment building with 7,468 square feet
  • Built in 1931
  • Natural gas heating with a recently installed boiler

Property Analytics

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Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

5,833
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A recently installed boiler serves the property’s natural gas heating system.
Where is this apartment building located?
The property is located at 253 Saint Nicholas Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Eight‑unit apartment building with 7,468 square feet; Built in 1931; Natural gas heating with a recently installed boiler
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