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$1,350,000
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Property Description
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
Full Property Details
Full Property Details for 255 St Nicholas Ave
General
- Price: $1,350,000
- Taxes: $17,890
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 934120
- Updated: 11/10/2025
- Added to Site: 68 day(s) ago
Parking
- Parking Features: On Street
Location
- County: Kings (Brooklyn)
Heating & Cooling
- Cooling Type: None
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Unfinished
- Stories/Levels: 4
- Stories in Building: 4
- Building Size: 7280
- Square Feet: 7,280
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.0551
- Lot Size (Sq. Ft.): 2,400
Financial Considerations
- Tax Amount: $17,890
Disclosures and Reports
- Special Conditions: None
- Property ID: 03312-0003
Listed by Daniel Gale Sothebys Intl Rlty
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Schools
Schools serving 255 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 255 St Nicholas Ave
Date
Details
Price
Change
Source
11/10/2025
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 255 St Nicholas Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,890
3%
$143,122
-72%
2024
$17,329
8%
$513,000
-20%
2023
$16,050
10%
$641,250
13%
2022
$14,586
8%
$569,700
10%
2021
$13,508
-2%
$520,200
-4%
2020
$13,732
3%
$542,250
—
2019
$13,299
14%
$542,250
449%
2017
$11,633
—
$98,754
8%
2017
$11,633
7%
$91,464
8%
2016
$10,920
—
$84,705
—
2015
$10,910
3%
$84,688
3%
2015
$10,543
12%
$82,017
8%
2013
$9,451
—
$75,965
—
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 255 St Nicholas Ave
255 Saint Nicholas Avenue, Brooklyn, NY 11237 (MLS# 934120) is a Commercial property. 255 Saint Nicholas Avenue is currently listed for $1,350,000 and was received on November 10, 2025. Want to learn more about 255 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.

