155 st nicholas avenue bushwick 112014

This semi-attached wood frame at 155 St. Nicholas Avenue in Bushwick has virtually no original details save the staircase and appears to have last been updated sometime in the middle of the last century. It is covered in faux paneling, linoleum, carpet and wallpaper. We estimate it will need the works.

One redeeming quality is that it has windows on three sides because the lot is 25 feet wide. It’s also in a location near the Dekalb stop and Wyckoff Hospital where demand for rentals is high.

Given the condition, though, we don’t see how the ask of $1,220,000 is justified — unless the plan is to sell to a developer.

155 St. Nicholas Avenue [Fillmore] GMAP


What's Your Take? Leave a Comment

  1. This is on a 25′ wide lot; as of right you can build almost 6,000 sq feet. With a community use space and a few other developer specials any developer can probably stretch this to at least 10,000 sq feet.
    It is priced about right for a development; which is how it is best priced. Why price it for a home owner that would need to put a lot into it……when it will probably be bought by a speculator that will turn around and flip it to a developer. It is best priced right for the original seller to get the money/benefit.

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