$1,000,000
Updated 2 years ago
Sold

44 Saint Nicholas Ave

Bushwick, Brooklyn | Starr Street & Willoughby Ave

9 Beds9,660 Square FeetIncome Property

$1,000,000
floors / apts3 / 6
Lot Size20'x90'
Built Size20'x80'
ZoneR6
Building TypeLow-Rise
RE Taxes$14,808
Price Per SF
$104

This property was sold for $1,000,000 on 02/05/25.

Building Amenities

  • Voice Intercom

Property Description for 44 Saint Nicholas Ave

PACKAGE DEAL WITH 42 St Nicholas Avenue Two Six Family Buildings in Excellent Condition Both are Rent Stabilized Excellent location just two blocks from the Jefferson St L Train Station Same ownership for 45 years has done an excellent job maintaining the property. Buildings Priced at an 8 Cap. 42 St Nicholas Avenue Six two bedroom apartments: Annual Rent Roll = $116,120 + $4,200 for two parking spaces Expenses (including taxes) = $51,602. 44 St Nicholas Ave: 6 Family brick building Three one bedroom apartments and three two bedroom apartments. Building will come with one vacant unit that has been owner occupied since 2013. Building has full height basement that is not yet utilized. Rent Roll = $119,588. Expenses (including taxes) = $40,658

Building Details for 44 Saint Nicholas Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/6
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Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 97434TH