Log In/Sign Up
Your email has been sent.
100% Free Market Mixed-Use Building 229 Malcolm X Blvd 4,560 SF 100% Leased Retail Building Brooklyn, NY 11221 $2,750,000 ($603.07/SF)
INVESTMENT HIGHLIGHTS
- 100% Free Market
- Offered at 6.25% Cap Rate In-Place
- Easy Access to the A & C Subways
- Tax Class Protected
- Strong Retail Tenant
- Ideal Stuyvesant Heights Location
EXECUTIVE SUMMARY
TerraCRG has been retained to exclusively represent ownership in the sale of 229 Malcolm X Blvd – a 4-unit mixed-use building located in the Stuyvesant Heights Historic District of Bedford-Stuyvesant. The Stuyvesant Heights Historic District features some of the best brownstone properties in all of New York City.
The 4,560 SF is 100% Free Market and Tax Class Protected. The property consists of:
- 3 floor through, fully renovated Free Market residential units (each unit having 4 bedrooms and 1.5 baths); and
- 1 Occupied Retail Store that has a long-term very stable retail tenant.
The building also has low expenses because the property is tax class 2A (Tax Class Protected) and all the tenants pay their own separately metered heat.
The property is ideally located in close proximity to the Utica Avenue A/C subway line providing express service into Manhattan in minutes. It is also located right in the middle of some of the best restaurants in Brooklyn, including Saraghina, Peaches, Chez Oskar and directly across the street from L’Antagoniste.
The 4,560 SF is 100% Free Market and Tax Class Protected. The property consists of:
- 3 floor through, fully renovated Free Market residential units (each unit having 4 bedrooms and 1.5 baths); and
- 1 Occupied Retail Store that has a long-term very stable retail tenant.
The building also has low expenses because the property is tax class 2A (Tax Class Protected) and all the tenants pay their own separately metered heat.
The property is ideally located in close proximity to the Utica Avenue A/C subway line providing express service into Manhattan in minutes. It is also located right in the middle of some of the best restaurants in Brooklyn, including Saraghina, Peaches, Chez Oskar and directly across the street from L’Antagoniste.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
4,560 SF
Year Built
1900
Price
$2,750,000
Price Per SF
$603.07
Percent Leased
100%
Building Height
4 Stories
Building FAR
2.40
Lot Size
0.04 AC
Zoning
R6A, C2-4
Walk Score®
Walker's Paradise (93)
Transit Score®
Rider's Paradise (99)
NEARBY MAJOR RETAILERS
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
100% Free Market Mixed-Use Building | 229 Malcolm X Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.