235 Malcolm X Blvd - Apartments FOR SALE


Brooklyn, NY 11233- Stuyvesant Heights
$3,700,000 USD
718-704-1455
235 Malcolm X Blvd, Brooklyn, NY for Sale
$3,700,000 USD
Apartments - FOR SALE
1/7
null | 6.21% Cap Rate

235 Malcolm X Blvd
Brooklyn, NY 11233
Stuyvesant Heights


HIGHLIGHTS

  • Free-Market, Fully Renovated Apartments
  • Located in the Heart of Bedford-Stuyvesant
  • Tax Class 2B Limits Future Tax Increases

OVERVIEW

RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 235 Malcolm X Boulevard - Bedford-Stuyvesant, Brooklyn. This four-story brick building is situated just off the corner of Hancock Street on Malcolm X Boulevard. The building features two ground-floor retail units, leased to a restaurant and a salon, and seven (7) apartments above. The building was fully renovated by the current owner in 2015, and all of the apartments were deregulated and are currently free-market. All apartments feature high ceilings, recessed lighting, open kitchens with stainless steel appliances, decorative brick fireplaces, and in-unit washer-dryers (exception - #1R). 235 Malcolm X Boulevard is surrounded by a variety of food and drink establishments, providing convenience for its residents. The building is a short walk from the Halsey Street J train to the east and the Utica Avenue A/C trains to the south. Additionally, it is close to several public and charter schools, Fulton and Saratoga Parks, and the Interfaith Medical Center on Atlantic Avenue. Please reach out to the exclusive brokers with any questions about the opportunity.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$547 USD /SF

# OF UNITS

9

PRICE/UNIT

$411,111

CAP RATE

6.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,082 SF

ZONING

R6A

APN/PARCEL ID

01662-0008

ASK ABOUT THIS PROPERTY

Andrew LeoGrandeRipco Real EstateMore Info
718-704-1455

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Andrew LeoGrandeRipco Real EstateMore Info
718-704-1455

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