6
See all 6 photos
$959,000
Est. payment /mo
8 Beds
2.5 Baths
New
70 Nichols AVE Brooklyn, NY 11208
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 504421
Bedrooms 8
Full Baths 2
Half Baths 1
Property Sub-Type Multi-Family
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.
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.
Location
State NY
County Kings (brooklyn)
Area Cypress Hills
Rooms
Basement Finished, Full
Interior
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood
Heat Source Gas
Exterior
Exterior Feature Vinyl Siding
Amenities Available Recreational Room
Roof Type Flat
Handicap Access No
Building
Story 2
Foundation Poured Concrete
Others
Energy Description Gas
Financing Bank Mortgage,Cash
Listed by Gosen Properties
NEARBY SCHOOL & BUSINESS
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