209 Malcolm X Blvd
Brooklyn, NY 11221 ·
7 Units · Multifamily For Sale
Free Market Seven Unit Mixed Use Building For Sale
|No. Units||7||Property Use Type||Investment|
|Building Size||4,680 SF||Cap Rate||7.50%|
|Property Type||Multifamily||Lot Size||2,080 SF|
|Listing ID: 17425818||Date Created: 11/22/2011||Last Updated: 03/19/2012|
The 4,680 Sq. Ft. building is three stories and consists of seven fully occupied units; five free market residential units and two commercial units. Currently, the actual gross income for the building is $84,840 a year; with expenses of approx. $32,890, the net operating income is approx. $51,950.
The property has a significant upside to increase income with current average residential rent per unit at $964/month, and average rent per Sq. Ft. at only $15/SF. Area rents for similar sized units are around $20/SF. Being that the building is free market and no leases are in place, rent increases can be projected at approx. $1,250-$1,350/month.
The property is located on Malcolm X Blvd between Putnam Avenue and Jefferson Avenue in the Bedford Stuyvesant neighborhood of Brooklyn.
The property is accessible through the A & C subway lines at the Utica Avenue subway station and the J subway line at the Gates Avenue subway station. The property is also accessible through the B46 bus line the runs up and down Malcolm X Blvd and continues on Broadway to the North and Utica Avenue to the South.
209 Malcolm X Blvd, Brooklyn, NY 11221 (Kings County)
Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property
No Photo225-21 STREET
Brooklyn, NY 11229
For Sale · $1,200,000
5,625 SF Building
No Photo82 5th Ave
Brooklyn, NY 11217
For Sale · $1,200,000
5,475 SF Building
413 68th St
Brooklyn, NY 11220
For Sale · $1,500,000
5,400 SF Building
718 Leonard Street
Brooklyn, NY 11222
For Sale · $2,900,000
4,125 SF Building
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.