Discover a distinguished investment opportunity in this meticulously curated three-family brick townhouse, a property that masterfully blends sophisticated urban living with exceptional financial performance. Fully vacant for immediate possession, this asset allows the new owner to set market-rate rents from day one. Situated on a massive and rare 20x150 lot—offering 50% more land than standard properties—it promises both a premium lifestyle and outstanding, immediate yield. The elegant layout begins with a spacious three-bedroom home featuring a charming back porch that opens to an exceptionally large, private yard, creating a seamless indoor-outdoor oasis. The second floor hosts two sun-drenched one-bedroom residences, each illuminated by architecturally significant skylights and featuring updated kitchens and refinished hardwood floors. Adding tremendous value is the fully finished, multi-access basement—a versatile space with a private entrance, perfect for additional income potential* or as an entertainer's paradise. Combining turnkey updates, a prime transit-centric location just blocks from the J/Z lines, and the unparalleled luxury of expansive outdoor space, this is a rare, vacant investment poised for maximum returns. For a private, exclusive viewing, contact us today.
Listed by Kammy Xiao Nguyen CBR
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Keller Williams Landmark II
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347-846-1200
Last updated October 19, 2025
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Source: OneKey #923274
Listing Facts
TypeMulti-family
NeighborhoodCypress Hills
Bedrooms5
Bathrooms3
Days on Prevu13
Taxes$6,850/year
Location
Mortgage Calculator
Listing History
10/10/2025
Listed by Keller Williams Landmark II
$1,160,000
Estimated Closing Costs
Total
$44,184
Attorney Fees
$4,000
NYC Mansion Tax
$11,600
Title Insurance
$5,220
Bank Attorney
$1,500
Mortgage Recording Tax
$17,864
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,160,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 197 Nichols Avenue
Exterior
Construction
Number Of Units Total: 3
Structure Type: Townhouse
Year Built: 1899
Construction Materials: Brick
Measurements
Building Area Total: 2,160
Building Area Units: Square Feet
Lot Size Dimensions: 19
Lot Size Square Feet: 2,925
Financial
Taxes
Parcel Number: 04135-0022
Tax Annual Amount: $6,850.00
Tax Year: 2025
Interior
Features
Flooring: Hardwood
Interior Features: High Ceilings
Rooms
Basement: Finished, Full
Has Basement: Yes
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 5
Other
Location
Tax Block: 4135
Tax Lot: 22
Schools
Elementary School
Elementary School District: Brooklyn 19
High School
High School: Academy For Young Writers
High School District: Brooklyn 19
Middle or Junior School
Middle Or Junior School: Academy For Young Writers
Middle Or Junior School District: Brooklyn 19
Utilities
Equipment
Heating: Hot Water, Natural Gas
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected
Water Source: Public
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Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.