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$995,000
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Property Description
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.
Full Property Details
Full Property Details for 197 Nichols Ave
General
- Sold For: $995,000
- Taxes: $6,850
- Status: Closed
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 923274
- Added to Site: 146 day(s) ago
Interior
- Interior Features: High Ceilings
- Flooring: Hardwood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: None
Location
- County: Kings (Brooklyn)
- Cross Streets: Ridgewood Ave
- Driving Directions: Nichols ave and Ridgewood Ave
School Information
- High School District: Brooklyn 19
- Middle School: Academy For Young Writers
- High School: Academy For Young Writers
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Water, Natural Gas
- Heating Zones: 1
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Finished, Full Basement
- Building Size: 2160
- Square Feet: 2,160
- Year Built: 1899
Lot Features
- Lot Size (Sq. Ft.): 2,925
- Lot Dimensions: 19.5 x 150
Financial Considerations
- Tax Amount: $6,850
Disclosures and Reports
- Special Conditions: None
- Property ID: 04135-0022
- Block: 4135
- Lot Number: 22
Listed and Sold by Keller Williams Landmark II
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Schools
Schools serving 197 Nichols Ave
School District:New York City Geographic School District 19
| Name | Grades | Distance |
|---|---|---|
Ps 7 Abraham Lincoln 858 Jamaica Avenue, Brooklyn, NY 11208 | K-5 | 0.3 mi |
Is 171 Abraham Lincoln 528 Ridgewood Avenue, Brooklyn, NY 11208 | 6-8 | 0 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 197 Nichols Ave
Date
Details
Price
Change
Source
2/10/2026
Sold
$995,000
-14.22%
MLS
10/10/2025
Listed
$1,160,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
197 Nichols Avenue, Brooklyn, NY 11208 (MLS# 923274) is a Multi-Family property that was sold at $995,000 on February 10, 2026. Want to learn more about 197 Nichols Avenue? Do you have questions about finding other Multi-Family real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

