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241 Malcolm X Blvd - 241 Malcolm X Blvd 0.05 Acres of Commercial Land Offered at $999,000 in Brooklyn, NY 11233
Investment Highlights
- Development opportunity with approved plans to build
- Close to Utica Ave [A, C] Subway Station and surrounded by residential and mixed-use developments.
- R6A with C2-4 overlay enables full retail frontage and residential density
- Energy efficient + code compliant
Executive Summary
With all DOB approvals and construction drawings in hand you’re ready to break ground immediately. Whether you’re building to hold or to sell. This asset delivers flexibility long-term upside and prime positioning just minutes from the A & C train at Utica Ave.
Financial Summary (Actual - 2024) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$257,196
|
$4,955,606.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$257,196
|
$4,955,606.94
|
| Taxes |
$13,802
|
$265,934.49
|
| Operating Expenses |
$10,200
|
$196,531.79
|
| Total Expenses |
$24,002
|
$462,466.28
|
| Net Operating Income |
$233,194
|
$4,493,140.66
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $257,196 |
| Annual Per AC | $4,955,606.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $257,196 |
| Annual Per AC | $4,955,606.94 |
| Taxes | |
|---|---|
| Annual | $13,802 |
| Annual Per AC | $265,934.49 |
| Operating Expenses | |
|---|---|
| Annual | $10,200 |
| Annual Per AC | $196,531.79 |
| Total Expenses | |
|---|---|
| Annual | $24,002 |
| Annual Per AC | $462,466.28 |
| Net Operating Income | |
|---|---|
| Annual | $233,194 |
| Annual Per AC | $4,493,140.66 |
Property Facts
| Price | $999,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| Sale Condition | Build to Suit | Total Lot Size | 0.05 AC |
| No. Lots | 1 | Cross Streets | Halsey & Hancock St |
| Property Type | Land | ||
| Zoning | R6A - Located in an R6A zoning district with a C2-4 commercial overlay this site allows for residential and mixed-use development. | ||
| Price | $999,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.05 AC |
| Cross Streets | Halsey & Hancock St |
| Zoning | R6A - Located in an R6A zoning district with a C2-4 commercial overlay this site allows for residential and mixed-use development. |
1 Lot Available
Lot 1662
| Price | $999,000 | Lot Size | 0.05 AC |
| Price Per AC | $19,255,233.03 |
| Price | $999,000 |
| Price Per AC | $19,255,233.03 |
| Lot Size | 0.05 AC |
Unlock the full potential of this approved development site in the heart of Bedford Stuyvesant's most rapidly evolving corridor.
Description
241 Malcolm X Blvd delivers a development site in the heart of Bed-Stuy’s Stuyvesant Heights. With DOB approvals secured construction can commence immediately for a 4 story building plus mezzanine featuring six residential units and retail.
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 01662-0005 | Total Assessment | $27,675 (2025) |
| Land Assessment | $23,400 (2025) | Annual Taxes | $13,802 |
| Improvements Assessment | $4,275 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
01662-0005
Land Assessment
$23,400 (2025)
Improvements Assessment
$4,275 (2025)
Total Assessment
$27,675 (2025)
Annual Taxes
$13,802
Tax Year
2024
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241 Malcolm X Blvd - 241 Malcolm X Blvd
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