272 Nichols Avenue, Brooklyn, NY 11208
- Added:
- Mar 3, 2026
- Days on Market:
- 126
- Last Refresh:
- Jul 7 at 5:06 pm
Property Features for 272 Nichols Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 3, Bedroom 2, Bedroom 4, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 1
- Parking features
- On Street
- Standard status
- Pending
- APN
- 04150-0038
- Size
- 2,128 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1590
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1910
- Number of units
- 2
Listing agent Derek J. Greene License #SBR004802 (860) 560-1006
Listing office Greene Realty Group 4 Field Way, Worcester, NY (860) 560-1006
Listing date Mar 3, 2026
Copyright © 2026 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.
HighLights
- Solid brick 2‑story duplex built in 1910 with 2,128 sq ft of living space
- 5 bedrooms and 3.5 bathrooms across both units (Bedroom 1‑5; Bathroom 1‑4)
- One unit is currently rented by the state for immediate rental income; second unit offers additional income or owner‑occupancy
- Town water and town sewer with separate natural gas heating systems for each unit and individual hot water tanks
- Major updates include a new roof with solar panels, newer windows, and a new front entrance gate
- No central A/C; on‑street parking available
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.7k | $38.40 |
| − Vacancy | −$3.7k | −$1.73 |
| EGI | $78.0k | $36.67 |
| − OpEx | −$23.4k | −$11.00 |
| NOI | $54.6k | $25.67 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.868805
- Latitude
- 40.683884
