Address
70 Nichols Avenue, Brooklyn, NY
Price
$ 959,000
Property Attributes
- MLS#504421
- TypeMulti-Family
- Listing Status Active
- CountyKINGS
- CityBrooklyn
- AreaBrooklyn
- NeighborhoodCypress Hills
- Zip11208
- StyleMulti-Family
- Price$ 959,000
- Bedrooms8
- Full Bathrooms2
- Half Bathrooms1
- Lot Size0.047544 Acres
Data Source:
Brooklyn MLS (BNYMLS)
Property Description
Investment Opportunity – Two-Family in Cypress Hills Excellent investment opportunity at 70 Nichols Avenue, Brooklyn, NY 11208! This two-family property offers a desirable 4-bedroom over 4-bedroom configuration, providing investors with substantial rental-income potential and long-term flexibility. Both residential apartment has its own electric meter, gas meter, and dedicated A. O. Smith hot-water tank, giving each unit independent utility service and helping simplify property management. The property has benefited from significant infrastructure and capital improvements, including updated electrical wiring throughout the first floor, second floor, and basement; three electrical panels; extensive basement plumbing and drainage upgrades; foundation waterproofing; exterior concrete and sidewalk improvements; and an approximately 3-year-old roof. The property also features forced-air heating with ductwork throughout and a private security camera system. Additional improvements include an enhanced roof rainwater drainage system that directs runoff toward the rear yard, which, according to the owner, was completed and approved by the Building Department. The basement provides two separate sections with front and rear entrances, a dedicated electrical panel, tile flooring throughout much of the space, and upgraded rear stone steps. Interior access from the first floor leads through to the private backyard with a detached storage shed. For the investor looking to acquire a legal Brooklyn two-family with large residential units, separately metered utilities, numerous major improvements already completed, and strong income-producing potential, 70 Nichols Avenue deserves serious consideration. Whether added to an existing portfolio or purchased as an owner-occupied investment, this property offers the combination investors look for: space, utility separation, infrastructure improvements, rental potential, and long-term value.
| Price History | |
|---|---|
| 9/10/2026 | Listed $959,000 |
General Features
| Roof | Flat |
|---|---|
| Electric | 220 V |
| Stories Count | 2 |
| Property Type | Residential |
| Block | 4109 |
| Lot Number | 47 |
| Transaction Type | Sale |
| Financing | Bank Mortgage,Cash |
| Building Type | Semi-Detached |
| Status | Active |
| Total Rooms | 10 |
| Construction Materials | Wood Frame |
| Cumulative Days on Market | 6 |
| MLS Area | Cypress Hills |
| Sub Type | Multi-Family |
| City | Brooklyn |
| Borough | Brooklyn |
| Number Of Available Units | 2 |
| Residential Features | Disposal,Laundry Area,Refrigerator,Stove |
| DOM | 6 |
| Sale Type | Arm's Length |
| # Families | 2 |
| Public Remarks | Investment Opportunity – Two-Family in Cypress Hills Excellent investment opportunity at 70 Nichols Avenue,Brooklyn,NY 11208! This two-family property offers a desirable 4-bedroom over 4-bedroom |
Interior Features
| Heating Fuel | Gas |
|---|---|
| Flooring | Ceramic,Hardwood |
| Hot Water | Gas |
| Full Baths | 2 |
| Half Baths | 1 |
| Building Amenities | Recreational Room |
| Basement Amenities | Finished,Full |
| Baths Total Level 1 | 1.00 |
| Baths Total Level 2 | 1.00 |
| Beds Total Level 1 | 4 |
| Beds Total Level 2 | 4 |
| Rooms Total Level 1 | 5 |
| Rooms Total Level 2 | 5 |
| Beds Total | 8 |
Exterior Features
| Exterior | Vinyl Siding |
|---|---|
| Yard | Back |
| Foundation | Poured Concrete |
| Lot Sq Ft | 2071 |
| Property Panorama YN | Yes |
| Lot Size Length | 88 |
| Lot Size Width | 24 |
| Parking Attrib | 1 Space |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 11208
Price
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