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Improved Two-Family Duplex
New
For Sale
$959,000

70 Nichols Ave, Brooklyn, NY 11208

Brooklyn duplex with separately metered apartments, basement space, private backyard, and detached storage shed.

Property SizeContact for details
Days on Market2

Property Features for 70 Nichols Ave

General Information

Standard status Active
Property subtype Multi Family

Site & Location

Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 2 x 4BR
Multifamily Units 2

Building Details

Buildings 1
Stories 2
Listing Agency: Gosen Properties
Listed By: Emmanuel Victor
Source: Elliman
Added: Sep 11 Last Checked: Sep 11 at 2:56PM

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 Gosen Properties

Investment Insights

Based on property information with market context.

This two-family duplex at 70 Nichols Ave in Brooklyn provides a 4-bedroom apartment over another 4-bedroom apartment. Each residence has its own electric meter, gas meter, and A. O. Smith hot-water tank. Forced-air heating with ductwork serves the building, while the basement includes two sections, front and rear entrances, tile flooring through much of the space, and a dedicated electrical panel.

Property improvements include updated electrical wiring across the first floor, second floor, and basement, three electrical panels, basement plumbing and drainage work, foundation waterproofing, exterior concrete and sidewalk upgrades, and an approximately 3-year-old roof. The rainwater drainage system directs runoff toward the rear yard. Interior access from the first floor reaches a private backyard with a detached storage shed. The property also includes a private security camera system and upgraded rear stone steps.

The address has a Walk Score of 87, a Transit Score of 88, and a Bike Score of 56.

Key Highlights

  • Two‑family configuration with a 4‑bedroom apartment over a 4‑bedroom apartment
  • Separate electric and gas meters plus dedicated A. O. Smith hot‑water tanks for each apartment
  • Approximately 3‑year‑old roof with enhanced rainwater drainage to the rear yard

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Dental Office Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,196
Businesses Nearby

Demographics for 11208, NY

101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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
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Frequently Asked Questions

What type of property is this?
Duplex - Brooklyn duplex with separately metered apartments, basement space, private backyard, and detached storage shed.
Where is this duplex located?
The property is located at 70 Nichols Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Two‑family configuration with a 4‑bedroom apartment over a 4‑bedroom apartment; Separate electric and gas meters plus dedicated A. O. Smith hot‑water tanks for each apartment; Approximately 3‑year‑old roof with enhanced rainwater drainage to the rear yard
More about this property
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