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197 Nichols AvenueBrooklyn, NY 11208

For Sale

$1,160,000

Smart Buyer Rebate $14,500

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

·

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

The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey™ MLS. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. Information Copyright 2025, OneKey™ MLS. All Rights Reserved.

Full MLS Disclaimers

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.