229 Malcolm X Blvd - Retail FOR SALE


Brooklyn, NY 11221- Stuyvesant Heights
$2,750,000 USD
718-395-1877
229 Malcolm X Blvd, Brooklyn, NY for Sale
$2,750,000 USD
Retail - FOR SALE
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null | Request Cap Rate

229 Malcolm X Blvd
Brooklyn, NY 11221
Stuyvesant Heights


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$603 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Free Market Mixed-Use Building

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,900 SF

ZONING

R6A, C2-4

APN/PARCEL ID

01657-0002

ASK ABOUT THIS PROPERTY

Matthew CosentinoTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

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Matthew CosentinoTerraCRG Brooklyn Commercial Real EstateMore Info
718-395-1877

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.