100% Free Market Mixed-Use Building | Bedford-Stuyvesant
$2,750,000
229 Malcolm X Boulevard, Brooklyn, NY 11221
6.25
Cap Rate
4,560 sqft
Building Size
Details:
Highlights:
- 100% Free Market
- Tax Class Protected
- Offered at 6.25% Cap Rate In-Place
- Strong Retail Tenant
- Easy Access to the A & C Subways
- Ideal Stuyvesant Heights Location
Description:
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.
Location
Gallery
