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$1,350,000 Just Listed
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Property Description
Solid 6% Return on Investment on this 8 Unit Income Generating building in the heart of Bushwick can't be missed. The building is well maintained with the building size of 26.67 wide and 70 deep. Natural gas heating system with a new boiler recently installed. Front and back 2 spacious bedrooms can easily turn into a 3 bedrooms at owner's choice. One guaranteed vacancy at the closing. Current rental incomes for 7 units are $112,920 annually and owner occupied unit will be vacant at closing for an annualized income at $132,120 less than annual expenses of $53,806.yeah
Full Property Details
Full Property Details for 253 St Nicholas Ave
General
- Price: $1,350,000
- Taxes: $17,806
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 950326
- Updated: 1/15/2026
- Added to Site: 5 day(s) ago
Parking
- Parking Features: Off Street
Location
- County: Kings (Brooklyn)
- Cross Streets: Wyckoff Ave, Cypress Ave
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Partially Finished, Storage Space
- Building Size: 7468
- Square Feet: 7,468
- Year Built: 1931
Lot Features
- Lot Size (Sq. Ft.): 2,399
- Lot Features: Back Yard
Financial Considerations
- Tax Amount: $17,806
Disclosures and Reports
- Special Conditions: None
- Property ID: 3312-4
- Block: 3312
- Lot Number: 4
Listed by Keller Williams Rlty Landmark
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Schools
Schools serving 253 St Nicholas Ave
School District:New York City Geographic School District 32
| Name | Grades | Distance |
|---|---|---|
Ps 86 The Irvington 220 Irving Avenue, Brooklyn, NY 11237 | K-5 | 0.3 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 253 St Nicholas Ave
Date
Details
Price
Change
Source
1/12/2026
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 253 St Nicholas Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,894
3%
$143,150
-73%
2024
$17,332
8%
$526,320
-20%
2023
$16,053
10%
$657,900
13%
2022
$14,589
8%
$584,100
9%
2021
$13,508
-2%
$533,700
-9%
2020
$13,735
3%
$585,450
5%
2019
$13,301
14%
$556,200
463%
2017
$11,635
—
$98,770
8%
2017
$11,635
7%
$91,481
8%
2016
$10,920
—
$84,705
—
2015
$10,912
3%
$84,704
3%
2015
$10,545
12%
$82,030
8%
2013
$9,453
—
$75,977
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 253 St Nicholas Ave
253 Saint Nicholas Avenue, Brooklyn, NY 11237 (MLS# 950326) is a Commercial property. 253 Saint Nicholas Avenue is currently listed for $1,350,000 and was received on January 12, 2026. Want to learn more about 253 Saint Nicholas Avenue? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

