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255 Saint Nicholas Ave, Brooklyn, NY, 11237

16beds
8baths
7,280sqft
$1,199,000
$165price/sqft
$8,076/moest. monthly cost
$323,040/yrincome needed

About This Home

Fully occupied and cash-flowing, this exceptionally well-maintained eight-unit multi-family building is ideally situated in the heart of Bushwick, Brooklyn. Built in 1931, this classic brick building offers timeless curb appeal and solid construction, spanning approximately 7,280 square feet on a 27-foot by 70-foot lot. Each residence features a spacious railroad-style layout of over 900 square feet, with a mix of 1-, 2-, and 3-bedroom, 1-bath apartments. Two units have been recently renovated, offering a seamless blend of historic character and modern upgrades. The property is fully occupied with steady rental income from rent-stabilized tenants, making it an excellent opportunity for investors seeking long-term stability, strong cash flow, and future upside potential. Conveniently located just four blocks from the L and M subway lines, residents enjoy easy access to Manhattan in under 20 minutes. Zoned R6, the building sits on St. Nicholas Avenue, surrounded by Bushwick’s vibrant mix of cafes, art studios, restaurants, and nightlife, ensuring consistent tenant demand and rental growth. Message agent directly for property level financials. Need 48 hours notice to access the property.

Getting Around

92
WalkingWalker's Paradise
0
TransitVery Limited Transit
85
BikeVery Bikeable

Schools

6/10
Ps 86 The IrvingtonGrades K-50.3 mi

Construction

Condition

  • Year built: 1931

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 16
  • Bathrooms: 8
  • Full bathrooms: 8

Interior Area

  • Total structure area: 7,280
  • Total interior livable area: 7,280 sqft

Property

Details

  • Special condition: Resale