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Sold for $995,000
  • $995,000

    197 Nichols Avenue, Brooklyn, NY 11208

    5beds
    2,160sqft
    Triplex, Multi Family
    Built in 1899
    -- sqft lot
    $1,137,700 Zestimate®
    $461/sqft
    $4,180 Estimated rent

    Home value

    $1,137,700

    $1.08M - $1.19M

    $4,180/mo

    Zestimate® history
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    $5,872/mo

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    What's special

    Exceptionally large private yardArchitecturally significant skylightsFully finished multi-access basementUpdated kitchensSun-drenched one-bedroom residencesExpansive outdoor spaceRefinished hardwood floors
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kammy Xiao Nguyen CBR 917-420-4420,

    Keller Williams Landmark II 347-846-1200

    Bought with:

    Kammy Xiao Nguyen CBR, 10401263775

    Keller Williams Landmark II

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 923274MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Hot Water
    Cooling
    • None
    Features
    • Flooring: Hardwood
    • Basement: Finished,Full
    • Attic: None
    Interior area
    • Total structure area: 2,160
    • Total interior livable area: 2,160 sqft

    Property

    Parking
    • Parking features: None
    Lot
    • Size: 2,925 Square Feet
    • Dimensions: 19.5 x 150
    Details
    • Parcel number: 041350022
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex, Multi Family
    Materials
    • Brick
    Condition
    • Year built: 1899
    • Major remodel year: 2017

    Utilities & green energy

    • Gas: Separate Gas Meters: 3
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $461/sqft
    • Tax assessed value: $841,000
    • Annual tax amount: $6,850
    • Date on market: 10/10/2025
    • Cumulative days on market: 40 days
    • Listing agreement: Exclusive Right To Sell
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    2/10/2026Sold$995,000-14.2%$461/sqft
    Source: OneKey® MLS as distributed by MLS GRID #923274 Report a problem
    11/19/2025Pending sale$1,160,000$537/sqft
    Source: OneKey® MLS as distributed by MLS GRID #923274 Report a problem
    10/10/2025Listed for sale$1,160,000+17.2%$537/sqft
    Source: OneKey® MLS as distributed by MLS GRID #923274 Report a problem
    8/9/2024Listing removed--
    Source: OneKey® MLS as distributed by MLS GRID #3496686 Report a problem
    8/8/2023Listed for sale$990,000+35.6%$458/sqft
    Source: OneKey® MLS as distributed by MLS GRID #3496686 Report a problem
    1/27/2017Sold$730,000+0%$338/sqft
    Source: Public Record Report a problem
    11/10/2016Listed for sale$729,999+0.1%$338/sqft
    Source: DAVIS & ASSOCIATES REALTY INC #10353785 Report a problem
    9/29/2016Listing removed$729,000$338/sqft
    Source: DAVIS & ASSOCIATES REALTY INC #10334966 Report a problem
    8/23/2016Listed for sale$729,000+108.3%$338/sqft
    Source: DAVIS & ASSOCIATES REALTY INC #10334966 Report a problem
    5/31/2016Sold$350,000$162/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,526 +4.7%$50,460 +8.1%
    2024$7,187 $46,680 +13.1%
    2023-- $41,280 -8.8%
    2022-- $45,240 -5.8%
    2021-- $48,000 +19.6%
    2020$6,690 +6%$40,140 +15.7%
    2019$6,312 +7.3%$34,680 +23.3%
    2018$5,885 +8.8%$28,132 +6%
    2017$5,410 +4.6%$26,541 +0.3%
    2016$5,174 $26,460 +0.5%
    2015$5,174 +71.3%$26,339 +6%
    2014$3,020 $24,849 +6%
    2013-- $23,444 +6%
    2012-- $22,118
    2011-- $22,118 +0.8%
    2010-- $21,950 +6%
    2009-- $20,708 +6%
    2008-- $19,537 +6%
    2007-- $18,432
    2006-- $18,432 +0.8%
    2005-- $18,292 +6%
    2004-- $17,257 +6%
    2003-- $16,281 +6%
    2002-- $15,360
    2001-- $15,360 +0.8%
    2000-- $15,244
    Find assessor info on the county website

    Neighborhood: East New York

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Middle: Academy For Young Writers
    • High: Academy For Young Writers

    Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.